Canadian Premium Total Risk Alpha
| CPS Stock | | | CAD 0.08 0.01 14.29% |
Canadian Premium total risk alpha lookup summarizes this and related technical indicators for Canadian Premium Sand. Availability can vary by instrument;
Equity Screeners offers additional screening access. Canadian Premium has a market cap of 7.41 M, ROE of -8.74%. Use
Trending Equities to explore allocation context. This reflects a position in Canadian Premium Sand within the allocation view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Canadian Premium Sand has current Total Risk Alpha of 0.9976. 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] |
| = | 0.9976 | |
| ER[a] | = | Expected return on investing in Canadian Premium |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Canadian Premium |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Canadian Premium Total Risk Alpha Peers Comparison
Canadian Total Risk Alpha Relative To Other Indicators
Canadian Premium Sand falls in the
fourth position for total risk alpha across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
40.43 ratio of Maximum Drawdown to Total Risk Alpha. Canadian Premium Sand's Maximum Drawdown exceeds Total Risk Alpha by a factor of
40.43 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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