Prudential Income Total Risk Alpha
| PCGQX Fund | | | USD 10.24 0.01 0.1% |
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Prudential Income Builder 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 Prudential Income |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Prudential Income |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Prudential Income Total Risk Alpha Peers Comparison
Prudential Total Risk Alpha Relative To Other Indicators
Prudential Income Builder is rated top fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
58.69 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Prudential Income Builder is roughly
58.69 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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