| CRBK Stock | | | CAD 0.10 0.01 5.26% |
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Carebook Technologies has current Total Risk Alpha of 1.01. 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] |
| = | 1.01 | |
| ER[a] | = | Expected return on investing in Carebook Technologies |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Carebook Technologies |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Carebook Technologies Total Risk Alpha Peers Comparison
Carebook Total Risk Alpha Relative To Other Indicators
Carebook Technologies is rated
second in total risk alpha category among its peers. It is currently under evaluation in treynor ratio category among its peers fabricating about
0.58 of Treynor Ratio per Total Risk Alpha. The ratio of Total Risk Alpha to Treynor Ratio for Carebook Technologies is roughly
1.73 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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