Myers Industries Total Risk Alpha vs. Kurtosis
| MYE Stock | | | USD 14.62 0.28 1.88% |
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Myers Industries has current Total Risk Alpha of 0.3419. 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] |
| = | 0.3419 | |
| ER[a] | = | Expected return on investing in Myers Industries |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Myers Industries |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Myers Industries Total Risk Alpha Peers Comparison
Myers Total Risk Alpha Relative To Other Indicators
Myers Industries is considered to be number one stock in total risk alpha category among its peers. It is currently under evaluation in kurtosis category among its peers making up about
0.70 of Kurtosis per Total Risk Alpha. The ratio of Total Risk Alpha to Kurtosis for Myers Industries is roughly
1.42 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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