| P2ST34 Stock | | | 98.80 2.80 2.76% |
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Pure Storage, has current Total Risk Alpha of 0.5557. 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] |
| = | 0.5557 | |
| ER[a] | = | Expected return on investing in Pure Storage, |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Pure Storage, |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Pure Storage, Total Risk Alpha Peers Comparison
Pure Total Risk Alpha Relative To Other Indicators
Pure Storage, is regarded
second in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
63.67 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Pure Storage, is roughly
63.67 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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