Sphere 3D Total Risk Alpha
| ANY Stock | | | USD 0.69 0.04 5.85% |
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Sphere 3D Corp has current Total Risk Alpha of
(0.49). 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] |
| = | (0.49) | |
| ER[a] | = | Expected return on investing in Sphere 3D |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Sphere 3D |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Sphere 3D Total Risk Alpha Peers Comparison
Sphere Total Risk Alpha Relative To Other Indicators
Sphere 3D Corp is rated
second in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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