| NAOV Stock | | | USD 3.91 0.02 0.51% |
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NanoVibronix has current Total Risk Alpha of 0.4223. 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] |
| = | 0.4223 | |
| ER[a] | = | Expected return on investing in NanoVibronix |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NanoVibronix |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
NanoVibronix Total Risk Alpha Peers Comparison
NanoVibronix Total Risk Alpha Relative To Other Indicators
NanoVibronix is regarded
fifth in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
203.53 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for NanoVibronix is roughly
203.53 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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