Horizon Defined Total Risk Alpha
| HADRX Fund | | | USD 81.70 0.05 0.06% |
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Horizon Defined Risk has current Total Risk Alpha of 0.0278. 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] |
| = | 0.0278 | |
| ER[a] | = | Expected return on investing in Horizon Defined |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Horizon Defined |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Horizon Defined Total Risk Alpha Peers Comparison
Horizon Total Risk Alpha Relative To Other Indicators
Horizon Defined Risk is one of the top funds in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
65.44 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Horizon Defined Risk is roughly
65.44 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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