Metal Energy Total Risk Alpha
| MEEEF Stock | | | USD 0.56 -0.03 -5.08% |
This module presents the Total Risk Alpha indicator for Metal Energy Corp using available market inputs. Coverage differences may occur across instruments and market segments. Metal Energy has a market cap of 4.97 M.
Correlation Analysis can help frame allocation decisions. Metal Energy Corp can be included in a portfolio to evaluate diversification impact. All values are presented as reference data. Broader economic conditions can influence Metal Energy Corp's otc stock valuation — related indicators include
signals in median.
Metal Energy Corp has current Total Risk Alpha of 0.7909. 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] |
| = | 0.7909 | |
| ER[a] | = | Expected return on investing in Metal Energy |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Metal Energy |
| 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
Metal Energy Corp 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
58.38 Maximum Drawdown per unit of Total Risk Alpha. Metal Energy Corp carries a
58.38 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 Metal Energy to Peers
Other Technical Indicators