Magna Mining Total Risk Alpha

NICU Stock   0.69  0.01  1.47%   
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Magna Mining has current Total Risk Alpha of 0.3694. 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]

 = 
0.3694
ER[a] = Expected return on investing in Magna Mining
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Magna Mining
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Magna Mining Total Risk Alpha Peers Comparison

Magna Total Risk Alpha Relative To Other Indicators

Magna Mining is regarded second in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  69.04  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Magna Mining is roughly  69.04 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Magna Mining to Peers

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