Eventide Market Total Risk Alpha
| EUSM Etf | | | 26.77 0.07 0.26% |
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Eventide Market ETF has current Total Risk Alpha of 0.0594. 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] |
| = | 0.0594 | |
| ER[a] | = | Expected return on investing in Eventide Market |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Eventide Market |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Eventide Market Total Risk Alpha Peers Comparison
Eventide Total Risk Alpha Relative To Other Indicators
Eventide Market ETF is one of the top ETFs in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about
79.84 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Eventide Market ETF is roughly
79.84 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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