Altair Engineering Total Risk Alpha

ALTR
 Stock
  

USD 57.89  2.99  4.91%   

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Altair Engineering has current Total Risk Alpha of 0.1257. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha 
 = 
RFR + (ER[b] - ER[a]) 
x  
STD[a] / STD[b] 
 = 
0.1257
ER[a] = Expected return on investing in Altair Engineering
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Altair Engineering
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Altair Engineering Total Risk Alpha Peers Comparison

Altair Total Risk Alpha Relative To Other Indicators

Altair Engineering is rated second in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  98.37  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Altair Engineering is roughly  98.37 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Altair Engineering to Peers

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