Mereo Biopharma Total Risk Alpha

MREO
 Stock
  

USD 0.86  0.02  2.27%   

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Mereo Biopharma Group has current Total Risk Alpha of 0.2018. 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] 
 = 
0.2018
ER[a] = Expected return on investing in Mereo Biopharma
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Mereo Biopharma
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Mereo Biopharma Total Risk Alpha Peers Comparison

Mereo Total Risk Alpha Relative To Other Indicators

Mereo Biopharma Group is regarded fourth in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  167.90  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Mereo Biopharma Group is roughly  167.90 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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