Magnolia Oil Total Risk Alpha
| MGY Stock | | | USD 29.04 -0.18 -0.62% |
Magnolia Oil total risk alpha lookup summarizes this and related technical indicators for Magnolia Oil Gas. Coverage depends on data availability and normalization;
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Magnolia Oil Gas has current Total Risk Alpha of 0.3455. 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] |
| = | 0.3455 | |
| ER[a] | = | Expected return on investing in Magnolia Oil |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Magnolia Oil |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Magnolia Oil Total Risk Alpha Peers Comparison
Magnolia Total Risk Alpha Relative To Other Indicators
Magnolia Oil Gas maintains a
fifth in Total Risk Alpha in total risk alpha category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
24.41 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Magnolia Oil Gas is roughly
24.41 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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