Wankai New Total Risk Alpha

301216 Stock   10.73  0.03  0.28%   
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Wankai New Materials has current Total Risk Alpha of 0.1394. 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]

 = 
0.1394
ER[a] = Expected return on investing in Wankai New
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Wankai New
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Wankai New Total Risk Alpha Peers Comparison

Wankai Total Risk Alpha Relative To Other Indicators

Wankai New Materials is rated below average in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  163.51  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Wankai New Materials is roughly  163.51 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Wankai New to Peers

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