Open Lending Total Risk Alpha
| LPRO Stock | | | USD 2.61 0.03 1.14% |
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Open Lending Corp has current Total Risk Alpha of 0.1296. 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] |
| = | 0.1296 | |
| ER[a] | = | Expected return on investing in Open Lending |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Open Lending |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Open Lending Total Risk Alpha Peers Comparison
Open Total Risk Alpha Relative To Other Indicators
Open Lending Corp is rated
second overall in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
229.75 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Open Lending Corp is roughly
229.75 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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