Sidma SA Total Risk Alpha
| SIDMA Stock | | | EUR 1.56 0.03 1.96% |
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Sidma SA Steel has current Total Risk Alpha of
(0.10). 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] |
| = | (0.10) | |
| ER[a] | = | Expected return on investing in Sidma SA |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Sidma SA |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Sidma SA Total Risk Alpha Peers Comparison
Sidma Total Risk Alpha Relative To Other Indicators
Sidma SA Steel is rated
below average in total risk alpha category among its peers. It is currently under evaluation 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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