Hemp Naturals Total Risk Alpha
| HPMM Stock | | | USD 0.0001 0.00 0.00% |
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Hemp Naturals has current Total Risk Alpha of 17.64. 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] |
| = | 17.64 | |
| ER[a] | = | Expected return on investing in Hemp Naturals |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Hemp Naturals |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Hemp Naturals Total Risk Alpha Peers Comparison
Hemp Total Risk Alpha Relative To Other Indicators
Hemp Naturals is rated
# 2 in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
62.37 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Hemp Naturals is roughly
62.37 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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