Energy Income Total Risk Alpha
| ENI-UN Etf | | | CAD 1.97 0.03 1.55% |
The Total Risk Alpha indicator for Energy Income is constructed from normalized market data. All inputs reflect available trading data across supported markets. Some instruments may report limited inputs depending on trading history. Related indicator context is organized within
Equity Screeners. Energy Income has a market cap of 6.55 M, operating margin of 130.01%, ROE of -21.27%. For allocation context, review
Investing Opportunities. Allocation details are provided as informational context. Allocation context is based on the most recent position data. The holding in Energy Income represents an allocation. This is situated within the portfolio mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Energy Income has current Total Risk Alpha of 0.5251. 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] |
| = | 0.5251 | |
| ER[a] | = | Expected return on investing in Energy Income |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Energy Income |
| 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
Energy Income is rated
second in total risk alpha compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
35.75 of Maximum Drawdown per Total Risk Alpha. At
35.75 , Energy Income'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 Energy Income to Peers
Other Technical Indicators