Lexaria Bioscience Total Risk Alpha
| LEXX Stock | | | USD 0.70 0.02 2.94% |
Lexaria Bioscience total risk alpha lookup summarizes this and related technical indicators for Lexaria Bioscience Corp. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Lexaria Bioscience has a market cap of 17.42 M, operating margin of -20.15%, ROE of -1.55%. Use
Correlation Analysis to explore allocation context. This includes a position in Lexaria Bioscience Corp within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in median.
Lexaria Bioscience Corp has current Total Risk Alpha of 0.0729. 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] |
| = | 0.0729 | |
| ER[a] | = | Expected return on investing in Lexaria Bioscience |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Lexaria Bioscience |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Lexaria Bioscience Total Risk Alpha Peers Comparison
Lexaria Total Risk Alpha Relative To Other Indicators
Lexaria Bioscience Corp is rated
below average in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
583.34 of Maximum Drawdown per Total Risk Alpha. At
583.34 , Lexaria Bioscience Corp's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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