Lara Exploration Total Risk Alpha
| LRAXF Stock | | | USD 2.95 0.55 22.92% |
This module presents the Total Risk Alpha indicator for Lara Exploration using available market inputs. The indicator computation uses normalized market activity data. Lara Exploration has a market cap of 28.8 M, ROE of 51.82%.
Correlation Analysis can help frame allocation decisions. The overview captures current portfolio composition. The portfolio reflects a holding in Lara Exploration. The position falls within the allocation view. The allocation approach determines the relative weighting of each position. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in services.
Lara Exploration has current Total Risk Alpha of 1.77. 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] |
| = | 1.77 | |
| 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 |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Lara Exploration is rated
below average in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
22.76 Maximum Drawdown per unit of Total Risk Alpha. Lara Exploration carries a
22.76 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.
Compare Lara Exploration to Peers
Other Technical Indicators