Europe 30 Total Risk Alpha
| UEPIX Fund | | | USD 17.58 0.01 0.06% |
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Europe 30 Profund has current Total Risk Alpha of 8.0E-4. 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] |
| = | 8.0E-4 | |
| ER[a] | = | Expected return on investing in Europe 30 |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Europe 30 |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Europe 30 Total Risk Alpha Peers Comparison
Europe Total Risk Alpha Relative To Other Indicators
Europe 30 Profund is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
4,481 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Europe 30 Profund is roughly
4,481 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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