Al Frank Total Risk Alpha
| VALAX Fund | | | USD 27.56 0.01 0.04% |
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Al Frank Fund has current Total Risk Alpha of 0.1147. 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] |
| = | 0.1147 | |
| ER[a] | = | Expected return on investing in Al Frank |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Al Frank |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Al Frank Total Risk Alpha Peers Comparison
VALAX Total Risk Alpha Relative To Other Indicators
Al Frank Fund is rated
third in total risk alpha among similar funds. It is rated
third in maximum drawdown among similar funds reporting about
46.92 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Al Frank Fund is roughly
46.92 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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