MAGNUM MINING Total Risk Alpha
| M8Z Stock | | | EUR 0.03 0.00 0.00% |
This dataset for MAGNUM MINING EXP reflects inputs used in the Total Risk Alpha calculation. Data coverage may vary across sources and reporting intervals. MAGNUM MINING has a market cap of 25.8 M. Review
Correlation Analysis for a broader allocation view. This reflects a position in MAGNUM MINING EXP. It is distributed across the allocation. 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.
MAGNUM MINING EXP has current Total Risk Alpha of 0. 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 | |
| ER[a] | = | Expected return on investing in MAGNUM MINING |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on MAGNUM MINING |
| 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
MAGNUM MINING EXP is rated
below average for total risk alpha relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare MAGNUM MINING to Peers