Deva Holding Total Risk Alpha

DEVA Stock  TRY 74.20  0.50  0.67%   
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Deva Holding AS has current Total Risk Alpha of 0.1926. 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]

 = 
0.1926
ER[a] = Expected return on investing in Deva Holding
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Deva Holding
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Deva Holding Total Risk Alpha Peers Comparison

Deva Total Risk Alpha Relative To Other Indicators

Deva Holding AS is one of the top stocks in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  43.94  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Deva Holding AS is roughly  43.94 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Deva Holding to Peers

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