Avicanna Total Risk Alpha
| AVCN Stock | | | CAD 0.18 -0.01 -5.26% |
This technical indicator view for Total Risk Alpha organizes signals for Avicanna and comparable instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Avicanna has a market cap of 31.81 M, operating margin of -11.37%, ROE of -14.87%. See
Trending Equities for portfolio-level analysis. This suggests a position in Avicanna inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Avicanna has current Total Risk Alpha of
-0.05. 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] |
| = | -0.05 | |
| ER[a] | = | Expected return on investing in Avicanna |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Avicanna |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Avicanna Total Risk Alpha Peers Comparison
Avicanna Total Risk Alpha Relative To Other Indicators
Avicanna is rated
below average in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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