Cangzhou Mingzhu Total Risk Alpha
| 002108 Stock | | | 4.89 0.19 3.74% |
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Cangzhou Mingzhu Plastic has current Total Risk Alpha of 0.0459. 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] |
| = | 0.0459 | |
| ER[a] | = | Expected return on investing in Cangzhou Mingzhu |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Cangzhou Mingzhu |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Cangzhou Mingzhu Total Risk Alpha Peers Comparison
Cangzhou Total Risk Alpha Relative To Other Indicators
Cangzhou Mingzhu Plastic is rated
fourth in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
423.02 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Cangzhou Mingzhu Plastic is roughly
423.02 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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