Eminent Gold Total Risk Alpha
| EMNT Stock | | | CAD 0.60 0.02 3.45% |
The Total Risk Alpha reading for Eminent Gold Corp is computed from historical trading observations. Values reflect historical observations within the available dataset. Eminent Gold has a market cap of 40.57 M, current ratio of 5.47. Allocation context is available in
Investing Opportunities. Tracking Eminent Gold Corp in a portfolio provides context for performance attribution. This information is provided for contextual purposes. Broader economic conditions can influence Eminent Gold Corp's company valuation — related indicators include
signals in population.
Eminent Gold Corp has current Total Risk Alpha of 1.93. 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] |
| = | 1.93 | |
| ER[a] | = | Expected return on investing in Eminent Gold |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Eminent Gold |
| 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
Eminent Gold Corp falls in the
second position for total risk alpha across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
20.58 ratio of Maximum Drawdown to Total Risk Alpha. Eminent Gold Corp's Maximum Drawdown exceeds Total Risk Alpha by a factor of
20.58 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Eminent Gold to Peers
Other Technical Indicators