| 241180 Etf | | | 21,780 130.00 0.59% |
MiraeAsset TIGER total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for MiraeAsset TIGER NIKKEI225 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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MiraeAsset TIGER NIKKEI225 has current Total Risk Alpha of 0.0375. 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] |
| = | 0.0375 | |
| ER[a] | = | Expected return on investing in MiraeAsset TIGER |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on MiraeAsset TIGER |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
MiraeAsset TIGER Total Risk Alpha Peers Comparison
MiraeAsset Total Risk Alpha Relative To Other Indicators
MiraeAsset TIGER NIKKEI225 is
third largest ETF in total risk alpha as compared to similar ETFs. It is rated
below average in maximum drawdown as compared to similar ETFs reporting about
127.02 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for MiraeAsset TIGER NIKKEI225 is roughly
127.02 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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