CKM Building Total Risk Alpha

8930 Stock  TWD 36.70  0.30  0.82%   
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CKM Building Material has current Total Risk Alpha of 0.1734. 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]

 = 
0.1734
ER[a] = Expected return on investing in CKM Building
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on CKM Building
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

CKM Building Total Risk Alpha Peers Comparison

CKM Total Risk Alpha Relative To Other Indicators

CKM Building Material is rated fourth in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  38.79  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for CKM Building Material is roughly  38.79 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare CKM Building to Peers

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