| GLDD Stock | | | USD 12.52 0.01 0.08% |
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Great Lakes Dredge has current Total Risk Alpha of 0.0126. 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] |
| = | 0.0126 | |
| ER[a] | = | Expected return on investing in Great Lakes |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Great Lakes |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Great Lakes Total Risk Alpha Peers Comparison
Great Total Risk Alpha Relative To Other Indicators
Great Lakes Dredge is rated
below average in total risk alpha category among its peers. It is currently under evaluation in downside variance category among its peers reporting about
261.58 of Downside Variance per Total Risk Alpha. The ratio of Downside Variance to Total Risk Alpha for Great Lakes Dredge is roughly
261.58 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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