Grid Metals Total Risk Alpha
| GRDM Stock | | | CAD 0.12 0.01 9.09% |
Technical inputs supporting the Total Risk Alpha indicator for Grid Metals Corp are shown here. Cross-instrument Total Risk Alpha comparisons are available via
Equity Screeners. Grid Metals has a market cap of 26.8 M, current ratio of 5.03. See
Risk vs Return Analysis for additional portfolio context. Grid Metals Corp can be tracked within a custom portfolio for ongoing monitoring. This view summarizes available data without implying outcomes. Broader economic conditions can influence Grid Metals Corp's company valuation — related indicators include
signals in inflation.
Grid Metals Corp has current Total Risk Alpha of 0.4266. 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] |
| = | 0.4266 | |
| ER[a] | = | Expected return on investing in Grid Metals |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Grid Metals |
| 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
Grid Metals Corp 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
79.53 ratio of Maximum Drawdown to Total Risk Alpha. Grid Metals Corp's Maximum Drawdown exceeds Total Risk Alpha by a factor of
79.53 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Grid Metals to Peers
Other Technical Indicators