Semiconductor Ultrasector Total Risk Alpha
| SMPSX Fund | | | USD 36.10 0.07 0.19% |
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Semiconductor Ultrasector Profund has current Total Risk Alpha of 0.569. 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] |
| = | 0.569 | |
| ER[a] | = | Expected return on investing in Semiconductor Ultrasector |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Semiconductor Ultrasector |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Semiconductor Ultrasector Total Risk Alpha Peers Comparison
Semiconductor Total Risk Alpha Relative To Other Indicators
Semiconductor Ultrasector Profund is rated top fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
22.37 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Semiconductor Ultrasector Profund is roughly
22.37 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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