Invesco Summit Total Risk Alpha
| ASMMX Fund | | | USD 30.63 0.15 0.49% |
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Invesco Summit Fund has current Total Risk Alpha of 0.1391. 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] |
| = | 0.1391 | |
| ER[a] | = | Expected return on investing in Invesco Summit |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Invesco Summit |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Invesco Summit Total Risk Alpha Peers Comparison
Invesco Total Risk Alpha Relative To Other Indicators
Invesco Summit Fund is
second largest fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
43.22 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Invesco Summit Fund is roughly
43.22 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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