NL Industries Total Risk Alpha
| NL Stock | | | USD 5.79 -0.02 -0.34% |
The Total Risk Alpha profile for NL Industries is based on historical price and volume observations. Coverage may vary depending on data availability and normalization methods. NL Industries has a market cap of 283.89 M, operating margin of 40.37%, current ratio of 6.63. Review
Correlation Analysis for broader portfolio context. Monitoring NL Industries within a portfolio highlights how it interacts with other holdings. The relative size of each holding follows the selected allocation framework. Broader economic conditions can influence NL Industries's company valuation — related indicators include
signals in board of governors.
The fundamentals of trading NL Industries Stock are covered in our
How to Buy NL Industries walkthrough. This resource outlines the process for evaluating NL Industries Stock from a trading perspective. It covers the mechanics of investing in NL Industries from account funding through order execution.
NL Industries has current Total Risk Alpha of 0.3723. 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] |
| = | 0.3723 | |
| ER[a] | = | Expected return on investing in NL Industries |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NL Industries |
| 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
NL Industries carries a
third ranking for total risk alpha within its peer group. It is currently under evaluation for maximum drawdown within its peer group where Maximum Drawdown runs almost
54.52 per Total Risk Alpha. NL Industries's Maximum Drawdown registers at
54.52 relative to Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare NL Industries to Peers
Other Technical Indicators