AstroNova Total Risk Alpha
ALOT Stock | | | USD 11.22 0.06 0.53% |
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AstroNova has current Total Risk Alpha of 0.0297. 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] |
| = | 0.0297 | |
ER[a] | = | Expected return on investing in AstroNova |
ER[b] | = | Expected return on market index or selected benchmark |
STD[a] | = | Standard Deviation of returns on AstroNova |
STD[b] | = | Standard Deviation of selected market or benchmark |
RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
AstroNova Total Risk Alpha Peers Comparison
AstroNova Total Risk Alpha Relative To Other Indicators
AstroNova 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
970.72 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for AstroNova is roughly
970.72 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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