| 0P00017KS6 | | | 1.65 0.01 0.61% |
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Discovery Aggressive Dynamic has current Total Risk Alpha of 0.0144. 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] |
| = | 0.0144 | |
| ER[a] | = | Expected return on investing in Discovery Aggressive |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Discovery Aggressive |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Discovery Aggressive Total Risk Alpha Peers Comparison
Discovery Total Risk Alpha Relative To Other Indicators
Discovery Aggressive Dynamic is
fourth largest fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
129.94 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Discovery Aggressive Dynamic is roughly
129.94 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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