Lara Exploration Total Risk Alpha
| LRA Stock | | | CAD 3.22 -0.26 -7.47% |
The Total Risk Alpha technical lookup provides context for Lara Exploration and related instruments. Some instruments may have limited coverage due to data differences;
Equity Screeners lists screening tools. Lara Exploration has a market cap of 162.74 M, ROE of -50.95%. See
Correlation Analysis for portfolio-level analysis. The allocation includes a position in Lara Exploration 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 metropolitan statistical area.
Lara Exploration has current Total Risk Alpha of 0.6863. 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] |
| = | 0.6863 | |
| ER[a] | = | Expected return on investing in Lara Exploration |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Lara Exploration |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Lara Exploration Total Risk Alpha Peers Comparison
Lara Total Risk Alpha Relative To Other Indicators
Lara Exploration falls in the
fourth position for total risk alpha across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
22.82 ratio of Maximum Drawdown to Total Risk Alpha. Lara Exploration's Maximum Drawdown exceeds Total Risk Alpha by a factor of
22.82 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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