Newmont Total Risk Alpha
| NMM Stock | | | EUR 97.85 -2.35 -2.35% |
This technical indicator view for Total Risk Alpha organizes signals for Newmont and comparable instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Newmont has a market cap of 103.35 B, operating margin of 58.11%, ROE of 22.34%. See
Correlation Analysis for portfolio-level analysis. This suggests a position in Newmont 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 inflation.
Newmont has current Total Risk Alpha of 0.5527. 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] |
| = | 0.5527 | |
| ER[a] | = | Expected return on investing in Newmont |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Newmont |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Newmont Total Risk Alpha Peers Comparison
Newmont Total Risk Alpha Relative To Other Indicators
Newmont ranks
second among stocks in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
29.60 Maximum Drawdown per unit of Total Risk Alpha. Newmont carries a
29.60 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.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.