| NRE Stock | | | EUR 7.16 0.04 0.56% |
Nokian Renkaat total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Nokian Renkaat Oyj or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Nokian Renkaat Oyj has current Total Risk Alpha of
(0.31). 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] |
| = | (0.31) | |
| ER[a] | = | Expected return on investing in Nokian Renkaat |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Nokian Renkaat |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Nokian Renkaat Total Risk Alpha Peers Comparison
Nokian Total Risk Alpha Relative To Other Indicators
Nokian Renkaat Oyj is rated
below average in total risk alpha category among its peers. It is rated
below average in maximum drawdown category among its peers .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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