| NNN1 Stock | | | EUR 53.00 2.00 3.92% |
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Tencent Holdings Ltd has current Total Risk Alpha of 0.2119. 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] |
| = | 0.2119 | |
| ER[a] | = | Expected return on investing in Tencent Holdings |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Tencent Holdings |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Tencent Holdings Total Risk Alpha Peers Comparison
Tencent Total Risk Alpha Relative To Other Indicators
Tencent Holdings Ltd is regarded
fifth in total risk alpha category among its peers. It is regarded
second in treynor ratio category among its peers fabricating about
8.32 of Treynor Ratio per Total Risk Alpha. The ratio of Treynor Ratio to Total Risk Alpha for Tencent Holdings Ltd is roughly
8.32 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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