Hainan Airlines Total Risk Alpha

600221 Stock   1.86  0.10  5.10%   
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Hainan Airlines Co has current Total Risk Alpha of 0.4203. 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]

 = 
0.4203
ER[a] = Expected return on investing in Hainan Airlines
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Hainan Airlines
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Hainan Airlines Total Risk Alpha Peers Comparison

Hainan Total Risk Alpha Relative To Other Indicators

Hainan Airlines Co is number one stock in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  48.22  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Hainan Airlines Co is roughly  48.22 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Hainan Airlines to Peers

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