| ZGLDEU Etf | | | EUR 2,352 10.00 0.42% |
ZKB Gold total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for ZKB Gold ETF or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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ZKB Gold ETF has current Total Risk Alpha of 0.0362. 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] |
| = | 0.0362 | |
| ER[a] | = | Expected return on investing in ZKB Gold |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ZKB Gold |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
ZKB Gold Total Risk Alpha Peers Comparison
ZKB Total Risk Alpha Relative To Other Indicators
ZKB Gold ETF is rated
second in total risk alpha as compared to similar ETFs. It is rated
third in maximum drawdown as compared to similar ETFs reporting about
145.72 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for ZKB Gold ETF is roughly
145.72 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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