ENN Energy Total Risk Alpha

XGH Stock  EUR 6.75  0.10  1.50%   
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ENN Energy Holdings has current Total Risk Alpha of 0.4007. 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]

 = 
0.4007
ER[a] = Expected return on investing in ENN Energy
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on ENN Energy
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

ENN Energy Total Risk Alpha Peers Comparison

ENN Total Risk Alpha Relative To Other Indicators

ENN Energy Holdings is rated second in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  53.53  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for ENN Energy Holdings is roughly  53.53 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare ENN Energy to Peers

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