Mercadolibre Total Risk Alpha

MELI -  USA Stock  

USD 775.65  25.92  3.23%

Mercadolibre total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Mercadolibre 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
  
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Mercadolibre has current Total Risk Alpha of 0.333. 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] 
 = 
0.333
ER[a] = Expected return on investing in Mercadolibre
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Mercadolibre
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Mercadolibre Total Risk Alpha Peers Comparison

Mercadolibre Total Risk Alpha Relative To Other Indicators

Mercadolibre is regarded second in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  89.67  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Mercadolibre is roughly  89.67 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Mercadolibre to Peers

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