Morningstar Equity Total Risk Alpha
| MSTQX Fund | | | USD 13.64 0.04 0.29% |
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Morningstar Equity has current Total Risk Alpha of 0.0641. 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] |
| = | 0.0641 | |
| ER[a] | = | Expected return on investing in Morningstar Equity |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Morningstar Equity |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Morningstar Equity Total Risk Alpha Peers Comparison
Morningstar Total Risk Alpha Relative To Other Indicators
Morningstar Equity is regarded
second largest fund in total risk alpha among similar funds. It is number one fund in maximum drawdown among similar funds reporting about
75.58 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Morningstar Equity is roughly
75.58 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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