Ultrashort Smallcap600 Total Risk Alpha

SDD
 Etf
  

USD 31.07  1.32  4.44%   

Ultrashort Smallcap600 total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Ultrashort Smallcap600 ETF 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
  
Ultrashort Smallcap600 ETF has current Total Risk Alpha of 0.1777. 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] 
 = 
0.1777
ER[a] = Expected return on investing in Ultrashort Smallcap600
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Ultrashort Smallcap600
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Ultrashort Total Risk Alpha Relative To Other Indicators

Ultrashort Smallcap600 ETF is presently regarded as number one ETF in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  58.02  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Ultrashort Smallcap600 ETF is roughly  58.02 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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