Cerner Total Risk Alpha

CERN
 Stock
  

USD 94.92  0.00  0.00%   

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Cerner has current Total Risk Alpha of 0.0081. 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] 
 = 
0.0081
ER[a] = Expected return on investing in Cerner
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Cerner
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Cerner Total Risk Alpha Peers Comparison

Cerner Total Risk Alpha Relative To Other Indicators

Cerner is rated fifth in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  97.32  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Cerner is roughly  97.32 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.

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