Hecla Mining Total Risk Alpha
| HL Stock | | | USD 21.08 0.69 3.38% |
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Hecla Mining has current Total Risk Alpha of 0.4053. 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] |
| = | 0.4053 | |
| ER[a] | = | Expected return on investing in Hecla Mining |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Hecla Mining |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Hecla Mining Total Risk Alpha Peers Comparison
Hecla Total Risk Alpha Relative To Other Indicators
Hecla 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
67.39 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Hecla Mining is roughly
67.39 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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