Drax Group Total Risk Alpha
| DRXGF Stock | | | USD 11.10 0.00 0.00% |
Reference data associated with the Total Risk Alpha technical indicator for Drax Group plc. Coverage may vary across instruments due to feed availability.
Drax Group plc has current Total Risk Alpha of 0.2336. 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] |
| = | 0.2336 | |
| ER[a] | = | Expected return on investing in Drax Group |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Drax Group |
| 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
Drax Group plc ranks
third among pink sheets in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
103.97 Maximum Drawdown per unit of Total Risk Alpha. Drax Group plc carries a
103.97 x Maximum Drawdown-to-Total Risk Alpha ratio
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Drax Group to Peers
Other Technical Indicators