Canlan Ice Total Risk Alpha
| ICE Stock | | | CAD 4.03 -0.07 -1.71% |
The Total Risk Alpha calculation for Canlan Ice draws on price and volume history. Each data point is derived from standardized price and volume feeds. Canlan Ice has a market cap of 59.48 M, operating margin of 0.12%, ROE of 8.22%.
Risk vs Return Analysis can help frame allocation decisions. The view reflects the current state of portfolio allocation. The view is constructed from recorded portfolio positions. This summary reflects available observations without forecasting intent. The allocation shows a weighting toward Canlan Ice Sports. The position is captured in the allocation summary. Each holding is sized according to the methodology applied to the portfolio. The data shown is informational and should not be interpreted as guidance. 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.
Canlan Ice Sports has current Total Risk Alpha of 0.3076. 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] |
| = | 0.3076 | |
| ER[a] | = | Expected return on investing in Canlan Ice |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Canlan Ice |
| 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
Canlan Ice Sports 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
52.60 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Canlan Ice Sports sits at
52.60 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Canlan Ice to Peers
Other Technical Indicators