CNX Resources Total Risk Alpha
| CNX Stock | | | USD 41.36 -0.20 -0.48% |
Observed values used to calculate the Total Risk Alpha technical indicator for CNX Resources Corp. Coverage may vary across instruments due to feed availability.
CNX Resources Corp has current Total Risk Alpha of 0.2931. 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] |
| = | 0.2931 | |
| ER[a] | = | Expected return on investing in CNX Resources |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on CNX Resources |
| 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
CNX Resources Corp is rated
below average in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
31.43 of Maximum Drawdown per Total Risk Alpha. At
31.43 , CNX Resources Corp's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare CNX Resources to Peers
Other Technical Indicators