Methanex Total Risk Alpha
| MEOH Stock | | | USD 55.89 -0.57 -1.01% |
The Total Risk Alpha profile for Methanex is based on historical price and volume observations. The dataset is based on observed market activity where data is available. Coverage may vary depending on data availability and normalization methods. Methanex has a market cap of 4.32 B, operating margin of 4.9%, ROE of 5.67%. See
Correlation Analysis for additional portfolio context. The view frames allocation within the broader portfolio. Portfolio data reflects current holdings and their weights. This captures an allocation to Methanex. This is part of the broader portfolio composition. How positions are weighted depends on the construction approach used. All values are presented as reference data. 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.
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Methanex has current Total Risk Alpha of 1.07. 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] |
| = | 1.07 | |
| ER[a] | = | Expected return on investing in Methanex |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Methanex |
| 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
Methanex claims the number one ranking for total risk alpha among direct rivals. It is currently under evaluation for maximum drawdown among direct rivals recording roughly
18.38 in Maximum Drawdown for every unit of Total Risk Alpha. Maximum Drawdown outpaces Total Risk Alpha by
18.38 times for Methanex
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Methanex to Peers
Other Technical Indicators