Envela Corp Total Risk Alpha

ELA
 Stock
  

USD 7.10  0.47  7.09%   

Envela Corp total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Envela Corp 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
  
Refresh
Envela Corp has current Total Risk Alpha of 1.17. 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] 
 = 
1.17
ER[a] = Expected return on investing in Envela Corp
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Envela Corp
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Envela Corp Total Risk Alpha Peers Comparison

Envela Total Risk Alpha Relative To Other Indicators

Envela Corp is one of the top stocks in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  14.69  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Envela Corp is roughly  14.69 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Envela Corp to Peers

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas