Meryllion Resources Total Risk Alpha
| MYRLF Stock | | | USD 0.03 0.00 0.00% |
Reference data associated with the Total Risk Alpha technical indicator for Meryllion Resources Corp. Indicator inputs depend on available historical price observations.
Meryllion Resources Corp has current Total Risk Alpha of 22.38. 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] |
| = | 22.38 | |
| ER[a] | = | Expected return on investing in Meryllion Resources |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Meryllion Resources |
| 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
Meryllion Resources Corp holds the top spot in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
44.69 Maximum Drawdown per unit of Total Risk Alpha. Meryllion Resources Corp carries a
44.69 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 Meryllion Resources to Peers
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