Hcm Tactical Total Risk Alpha

HCMDX Fund  USD 31.31  0.18  0.58%   
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Hcm Tactical Growth has current Total Risk Alpha of 0.0195. 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]

 = 
0.0195
ER[a] = Expected return on investing in Hcm Tactical
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Hcm Tactical
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Hcm Tactical Total Risk Alpha Peers Comparison

Hcm Total Risk Alpha Relative To Other Indicators

Hcm Tactical Growth is one of the top funds in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  445.48  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Hcm Tactical Growth is roughly  445.48 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Hcm Tactical to Peers

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