| CDS Stock | | | EUR 293.00 9.00 3.17% |
Cadence Design total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Cadence Design Systems or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Cadence Design Systems has current Total Risk Alpha of 0.1818. 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] |
| = | 0.1818 | |
| ER[a] | = | Expected return on investing in Cadence Design |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Cadence Design |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Cadence Design Total Risk Alpha Peers Comparison
Cadence Total Risk Alpha Relative To Other Indicators
Cadence Design Systems is rated
below average in total risk alpha category among its peers. It is rated
below average in maximum drawdown category among its peers reporting about
53.76 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Cadence Design Systems is roughly
53.76 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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