Intermediate Tax/amt-free Total Risk Alpha

WITIX Fund  USD 10.96  0.01  0.09%   
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Intermediate Taxamt Free Fund has current Total Risk Alpha of 0.0045. 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]

 = 
0.0045
ER[a] = Expected return on investing in Intermediate Tax/amt-free
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Intermediate Tax/amt-free
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Intermediate Tax/amt-free Total Risk Alpha Peers Comparison

Intermediate Total Risk Alpha Relative To Other Indicators

Intermediate Taxamt Free Fund is rated below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  183.31  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Intermediate Taxamt Free Fund is roughly  183.31 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Intermediate Tax/amt-free to Peers

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