Weebit Nano Total Risk Alpha

WBTNF Stock  USD 1.30  0.10  8.33%   
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Weebit Nano Limited has current Total Risk Alpha of 0.2992. 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]

 = 
0.2992
ER[a] = Expected return on investing in Weebit Nano
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Weebit Nano
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Weebit Nano Total Risk Alpha Peers Comparison

Weebit Total Risk Alpha Relative To Other Indicators

Weebit Nano Limited is rated fifth in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  104.55  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Weebit Nano Limited is roughly  104.55 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Weebit Nano to Peers

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