Healthequity Total Risk Alpha

2HE Stock  EUR 90.50  1.50  1.69%   
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Healthequity has current Total Risk Alpha of 0.3398. 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]

 = 
0.3398
ER[a] = Expected return on investing in Healthequity
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Healthequity
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Healthequity Total Risk Alpha Peers Comparison

Healthequity Total Risk Alpha Relative To Other Indicators

Healthequity is rated fifth in total risk alpha category among its peers. It is rated below average in maximum drawdown category among its peers reporting about  56.00  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Healthequity is roughly  56.00 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Healthequity to Peers

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