Huizhou Desay Total Risk Alpha

002920 Stock   110.30  2.45  2.17%   
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Huizhou Desay SV has current Total Risk Alpha of 0.2433. 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]

 = 
0.2433
ER[a] = Expected return on investing in Huizhou Desay
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Huizhou Desay
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Huizhou Desay Total Risk Alpha Peers Comparison

Huizhou Total Risk Alpha Relative To Other Indicators

Huizhou Desay SV is rated fourth in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  72.16  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Huizhou Desay SV is roughly  72.16 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Huizhou Desay to Peers

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