B of A Total Risk Alpha

BAC
 Stock
  

USD 31.73  0.77  2.37%   

B of A total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Bank Of America or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
  
Bank Of America has current Total Risk Alpha of 0.0537. 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] 
 = 
0.0537
ER[a] = Expected return on investing in B of A
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on B of A
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

B of A Total Risk Alpha Relative To Other Indicators

Bank Of America is number one stock in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  198.34  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Bank Of America is roughly  198.34 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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