California Nanotechnologies Total Risk Alpha
| CNO Stock | | | CAD 0.31 0.02 6.90% |
Observed values used to calculate the Total Risk Alpha technical indicator for California Nanotechnologies Corp. Technical inputs may vary across markets and data providers.
California Nanotechnologies Corp has current Total Risk Alpha of 0.3486. 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] |
| = | 0.3486 | |
| ER[a] | = | Expected return on investing in California Nanotechnologies |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on California Nanotechnologies |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
California Nanotechnologies Corp is rated
below average for total risk alpha across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
80.59 ratio of Maximum Drawdown to Total Risk Alpha. California Nanotechnologies Corp's Maximum Drawdown exceeds Total Risk Alpha by a factor of
80.59 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare California Nanotechnologies to Peers
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