ALIT (ALIT)
Daily ERM3 factor decomposition: how much of ALIT's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $19.73
- Market cap
- $10.4B
- 23-day vol
- —
- Sector proxy
- XLI
- Subsector proxy
- IYJ
Risk DNA
Variance decomposition across market, sector, subsector, and stock-specific layers.
Market 0.0%Sector 0.0%Subsector 0.0%Stock-specific 100.0%
ETF hedge ratios
Dollars of ETF to short per $1 of ALIT held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLI) | Subsector (IYJ) | Explained risk |
|---|---|---|---|---|
| L1 | — | — | — | — |
| L2 | — | — | — | — |
| L3 | — | — | — | — |
Data as of June 4, 2026. Updated daily from the ERM3 pipeline.
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