EnWave Total Risk Alpha
| ENW Stock | | | CAD 0.29 0.01 3.57% |
Observed values used in the Total Risk Alpha indicator for EnWave are included in this dataset. For broader technical screening across instruments, see
Equity Screeners. EnWave has a market cap of 48.08 M, operating margin of -33.86%, ROE of -21.72%. See
Investing Opportunities for portfolio-level analysis. A position in EnWave is part of the allocation. It is reflected in the overall portfolio structure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
EnWave has current Total Risk Alpha of 0.0389. 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] |
| = | 0.0389 | |
| ER[a] | = | Expected return on investing in EnWave |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on EnWave |
| 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
EnWave is rated
below average for total risk alpha across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
355.00 ratio of Maximum Drawdown to Total Risk Alpha.
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare EnWave to Peers
Other Technical Indicators