Ensign Energy Total Risk Alpha
| ESI Stock | | | CAD 3.50 -0.03 -0.85% |
The Total Risk Alpha technical lookup provides context for Ensign Energy Services and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Ensign Energy has a market cap of 643.04 M, operating margin of 3.35%, ROE of -2.89%. Review
Investing Opportunities for broader portfolio context. This reflects a position in Ensign Energy Services within the portfolio mix. 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.
Ensign Energy Services has current Total Risk Alpha of 0.6006. 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] |
| = | 0.6006 | |
| ER[a] | = | Expected return on investing in Ensign Energy |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ensign Energy |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ensign Energy Total Risk Alpha Peers Comparison
Ensign Total Risk Alpha Relative To Other Indicators
Ensign Energy Services is rated
below average in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
31.00 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Ensign Energy Services sits at
31.00 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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