Universal Scientific Total Risk Alpha

601231 Stock   15.71  0.36  2.35%   
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Universal Scientific Industrial has current Total Risk Alpha of 0.1456. 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]

 = 
0.1456
ER[a] = Expected return on investing in Universal Scientific
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Universal Scientific
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Universal Scientific Total Risk Alpha Peers Comparison

Universal Total Risk Alpha Relative To Other Indicators

Universal Scientific Industrial 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  107.42  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Universal Scientific Industrial is roughly  107.42 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Universal Scientific to Peers

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