| F1TN34 Stock | | | BRL 293.00 1.58 0.54% |
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Fortinet has current Total Risk Alpha of 0.4654. 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] |
| = | 0.4654 | |
| ER[a] | = | Expected return on investing in Fortinet |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Fortinet |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Fortinet Total Risk Alpha Peers Comparison
Fortinet Total Risk Alpha Relative To Other Indicators
Fortinet is rated
# 4 in total risk alpha category among its peers. It is rated
below average in maximum drawdown category among its peers reporting about
36.67 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Fortinet is roughly
36.67 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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