Max Resource Total Risk Alpha
| MXROF Stock | | | USD 0.24 -0.02 -7.69% |
Reference data associated with the Total Risk Alpha technical indicator for Max Resource Corp. Technical inputs may vary across markets and data providers.
Max Resource Corp has current Total Risk Alpha of 7.1. 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] |
| = | 7.1 | |
| ER[a] | = | Expected return on investing in Max Resource |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Max Resource |
| 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
Max Resource Corp ranks
fourth among pink sheets in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
49.12 Maximum Drawdown per unit of Total Risk Alpha. Max Resource Corp carries a
49.12 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.
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