Euro Sun Total Risk Alpha
| ESM Stock | | | CAD 0.32 -0.01 -3.03% |
The Total Risk Alpha technical lookup provides context for Euro Sun Mining and related instruments. Availability can vary by instrument;
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Investing Opportunities provides context for diversified portfolio construction. Refined allocation visibility enhances overall portfolio context. This reflects a position in Euro Sun Mining 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
signals in inflation.
Euro Sun Mining has current Total Risk Alpha of 0.7861. 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] |
| = | 0.7861 | |
| ER[a] | = | Expected return on investing in Euro Sun |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Euro Sun |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Euro Sun Total Risk Alpha Peers Comparison
Euro Total Risk Alpha Relative To Other Indicators
Euro Sun Mining currently holds the
# 3 position in total risk alpha category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
39.57 of Maximum Drawdown per Total Risk Alpha.
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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