Quantified Pattern Total Risk Alpha

QSPMX Fund  USD 12.79  0.12  0.95%   
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Quantified Pattern Recognition has current Total Risk Alpha of 0.0978. 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]

 = 
0.0978
ER[a] = Expected return on investing in Quantified Pattern
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Quantified Pattern
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Quantified Pattern Total Risk Alpha Peers Comparison

Quantified Total Risk Alpha Relative To Other Indicators

Quantified Pattern Recognition is rated top fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  24.28  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Quantified Pattern Recognition is roughly  24.28 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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