Meridian Mining Total Risk Alpha
| MNO Stock | | | 1.79 -0.03 -1.65% |
This technical indicator view for Total Risk Alpha organizes signals for Meridian Mining UK and comparable instruments. Data availability can vary by region and feed;
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Correlation Analysis to understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This suggests a position in Meridian Mining UK inside the allocation mix. 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.
Meridian Mining UK has current Total Risk Alpha of 0.2697. 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] |
| = | 0.2697 | |
| ER[a] | = | Expected return on investing in Meridian Mining |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Meridian Mining |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Meridian Mining Total Risk Alpha Peers Comparison
Meridian Total Risk Alpha Relative To Other Indicators
Meridian Mining UK is rated
below average. in total risk alpha category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
64.99 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Meridian Mining UK is roughly
64.99 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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