| ZIM Stock | | | EUR 101.45 0.10 0.1% |
Zimmer Biomet total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Zimmer Biomet Holdings 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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Zimmer Biomet Holdings has current Total Risk Alpha of 0.0683. 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] |
| = | 0.0683 | |
| ER[a] | = | Expected return on investing in Zimmer Biomet |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Zimmer Biomet |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Zimmer Biomet Total Risk Alpha Peers Comparison
Zimmer Total Risk Alpha Relative To Other Indicators
Zimmer Biomet Holdings is rated
third in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
110.67 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Zimmer Biomet Holdings is roughly
110.67 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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