Zions Bancorporation Total Risk Alpha

ZB1 Stock  EUR 51.49  1.55  3.10%   
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Zions Bancorporation National has current Total Risk Alpha of 0.2415. 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]

 = 
0.2415
ER[a] = Expected return on investing in Zions Bancorporation
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Zions Bancorporation
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Zions Bancorporation Total Risk Alpha Peers Comparison

Zions Total Risk Alpha Relative To Other Indicators

Zions Bancorporation National is rated first in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  72.89  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Zions Bancorporation National is roughly  72.89 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Zions Bancorporation to Peers

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