E Split Total Risk Alpha
| ENS Stock | | | CAD 17.46 -0.06 -0.34% |
Historical market data for E Split Corp forms the basis of the Total Risk Alpha indicator shown here. The indicator computation uses normalized market activity data. E Split has a market cap of 426.04 M, operating margin of 89.85%, ROE of 49.71%.
Investing Opportunities adds portfolio-level perspective. The allocation includes a position in E Split Corp. The position falls 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 various price indices.
E Split Corp has current Total Risk Alpha of 0.4448. 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] |
| = | 0.4448 | |
| ER[a] | = | Expected return on investing in E Split |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on E Split |
| 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
E Split Corp takes the leading position in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
13.80 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for E Split Corp sits at
13.80 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare E Split to Peers
Other Technical Indicators