Zhejiang Expressway Total Risk Alpha

ZHJ Stock  EUR 0.64  0.01  1.59%   
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Zhejiang Expressway Co has current Total Risk Alpha of 0.2791. 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]

 = 
0.2791
ER[a] = Expected return on investing in Zhejiang Expressway
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Zhejiang Expressway
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Zhejiang Expressway Total Risk Alpha Peers Comparison

Zhejiang Total Risk Alpha Relative To Other Indicators

Zhejiang Expressway Co 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  134.16  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Zhejiang Expressway Co is roughly  134.16 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Zhejiang Expressway to Peers

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