| 002948 Stock | | | 3.84 0.05 1.32% |
Bank of Qingdao total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Bank of Qingdao 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
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Bank of Qingdao has current Total Risk Alpha of 0.2738. 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] |
| = | 0.2738 | |
| ER[a] | = | Expected return on investing in Bank of Qingdao |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Bank of Qingdao |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Bank of Qingdao Total Risk Alpha Peers Comparison
Bank Total Risk Alpha Relative To Other Indicators
Bank of Qingdao is rated
second in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
57.35 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Bank of Qingdao is roughly
57.35 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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