Nordic American Total Risk Alpha
| NAT Stock | | | USD 5.59 0.05 0.90% |
The Total Risk Alpha reading for Nordic American Tankers is computed from historical trading observations. Indicator reliability depends on the continuity of available trading data. Nordic American has a market cap of 1.23 B, operating margin of 34.77%, current ratio of 1.53.
Correlation Analysis adds portfolio-level perspective. Tracking Nordic American Tankers in a portfolio provides context for performance attribution. All figures are based on reported data and are informational in nature. Broader economic conditions can influence Nordic American Tankers's company valuation — related indicators include
signals in nation.
Nordic American Tankers has current Total Risk Alpha of 0.996. 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] |
| = | 0.996 | |
| ER[a] | = | Expected return on investing in Nordic American |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Nordic American |
| 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
Nordic American Tankers earns the top ranking in total risk alpha relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
14.16 of Maximum Drawdown per Total Risk Alpha. For Nordic American Tankers, Maximum Drawdown stands at
14.16 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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