| FAFCX Fund | | | USD 34.87 0.14 0.40% |
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Fidelity Advisor Financial has current Total Risk Alpha of 0.017. 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] |
| = | 0.017 | |
| ER[a] | = | Expected return on investing in Fidelity Advisor |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Fidelity Advisor |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Fidelity Advisor Total Risk Alpha Peers Comparison
Fidelity Total Risk Alpha Relative To Other Indicators
Fidelity Advisor Financial is rated
# 3 fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
576.75 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Fidelity Advisor Financial is roughly
576.75 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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