Empire Energy Total Risk Alpha
| EEGUF Stock | | | USD 0.20 0.02 11.11% |
The Total Risk Alpha lookup presents technical context for Empire Energy Group and related instruments. Some instruments may have limited coverage due to data differences;
Equity Screeners lists screening tools. Empire Energy has a market cap of 106.65 M, operating margin of -62.29%, ROE of -7.36%.
Investing Opportunities can help frame allocation decisions. The allocation includes a position in Empire Energy Group across the allocation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Empire Energy Group has current Total Risk Alpha of 0.3978. 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] |
| = | 0.3978 | |
| ER[a] | = | Expected return on investing in Empire Energy |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Empire Energy |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Empire Energy Total Risk Alpha Peers Comparison
Empire Total Risk Alpha Relative To Other Indicators
Empire Energy Group is rated
below average in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
42.81 Maximum Drawdown per unit of Total Risk Alpha. Empire Energy Group carries a
42.81 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.
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