Nicola Mining Total Risk Alpha
| HUSIF Stock | | | USD 0.78 -0.01 -1.27% |
Reference data associated with the Total Risk Alpha technical indicator for Nicola Mining. Some instruments may provide partial coverage depending on trading history.
Nicola Mining has current Total Risk Alpha of 0.2256. 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] |
| = | 0.2256 | |
| ER[a] | = | Expected return on investing in Nicola Mining |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Nicola Mining |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Nicola Mining Total Risk Alpha Peers Comparison
Nicola Total Risk Alpha Relative To Other Indicators
Nicola Mining ranks
fifth among otc stocks in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
85.02 Maximum Drawdown per unit of Total Risk Alpha. Nicola Mining carries a
85.02 x Maximum Drawdown-to-Total Risk Alpha ratio
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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