Fury Gold Total Risk Alpha
| FURY Stock | | | CAD 0.83 -0.09 -9.78% |
The Total Risk Alpha lookup presents technical context for Fury Gold Mines and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Fury Gold has a market cap of 156.99 M, ROE of -85.95%. See
Investing Opportunities for portfolio-level analysis. This suggests a position in Fury Gold Mines 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 metropolitan statistical area.
Fury Gold Mines has current Total Risk Alpha of 0.4386. 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] |
| = | 0.4386 | |
| ER[a] | = | Expected return on investing in Fury Gold |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Fury Gold |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Fury Gold Total Risk Alpha Peers Comparison
Fury Total Risk Alpha Relative To Other Indicators
Fury Gold Mines 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
90.25 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Fury Gold Mines sits at
90.25 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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