NexMetals Mining Total Risk Alpha
| NEXM Stock | | | 2.93 -0.20 -6.39% |
NexMetals Mining total risk alpha lookup summarizes this and related technical indicators for NexMetals Mining Corp. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. NexMetals Mining has a market cap of 103.99 M, ROE of -3.92%. Use
Correlation Analysis to explore allocation context. This includes a position in NexMetals Mining Corp within the portfolio 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 median.
NexMetals Mining Corp has current Total Risk Alpha of 0.0277. 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] |
| = | 0.0277 | |
| ER[a] | = | Expected return on investing in NexMetals Mining |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NexMetals Mining |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
NexMetals Mining Total Risk Alpha Peers Comparison
NexMetals Total Risk Alpha Relative To Other Indicators
NexMetals Mining Corp is rated
below average in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
774.62 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for NexMetals Mining Corp sits at
774.62 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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