Norconsult ASA Total Risk Alpha
| NORCO Stock | | | 41.50 1.30 3.23% |
Reference data associated with the Total Risk Alpha technical indicator for Norconsult ASA. Coverage may vary depending on data feeds and normalization methods.
Norconsult ASA has current Total Risk Alpha of 0.1199. 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] |
| = | 0.1199 | |
| ER[a] | = | Expected return on investing in Norconsult ASA |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Norconsult ASA |
| 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
Norconsult ASA 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
63.50 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Norconsult ASA sits at
63.50 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Norconsult ASA to Peers
Other Technical Indicators