Orezone Gold Total Risk Alpha
| ORE Stock | | | 2.27 0.04 1.79% |
Observed values used to calculate the Total Risk Alpha technical indicator for Orezone Gold Corp. Additional screening context is available through
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Orezone Gold Corp has current Total Risk Alpha of 0.784. 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] |
| = | 0.784 | |
| ER[a] | = | Expected return on investing in Orezone Gold |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Orezone Gold |
| 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
Orezone Gold Corp takes the leading position in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
34.09 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Orezone Gold Corp sits at
34.09 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Orezone Gold to Peers
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