| PLUN Stock | | | 2.44 0.25 11.42% |
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Plug Power has current Total Risk Alpha of 0.5434. 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] |
| = | 0.5434 | |
| ER[a] | = | Expected return on investing in Plug Power |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Plug Power |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Plug Power Total Risk Alpha Peers Comparison
Plug Total Risk Alpha Relative To Other Indicators
Plug Power is regarded
third in total risk alpha category among its peers. It is regarded
second in maximum drawdown category among its peers reporting about
72.19 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Plug Power is roughly
72.19 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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