Zion Oil Total Risk Alpha

ZNOG Stock  USD 0.08  0.01  14.29%   
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Zion Oil Gas has current Total Risk Alpha of 1.01. 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]) 
STD[a] / STD[b] 
ER[a] = Expected return on investing in Zion Oil
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Zion Oil
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Zion Oil Total Risk Alpha Peers Comparison

Zion Total Risk Alpha Relative To Other Indicators

Zion Oil Gas is rated first in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  71.93  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Zion Oil Gas is roughly  71.93 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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