PyroGenesis Canada Total Risk Alpha
| PYRGF Stock | | | 0.41 -0.04 -8.89% |
The Total Risk Alpha profile for PyroGenesis Canada is based on historical price and volume observations. Related screening structures are referenced through
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PyroGenesis Canada has current Total Risk Alpha of 1.45. 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] |
| = | 1.45 | |
| ER[a] | = | Expected return on investing in PyroGenesis Canada |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on PyroGenesis Canada |
| 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
PyroGenesis Canada ranks
third among otc stocks in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
24.33 Maximum Drawdown per unit of Total Risk Alpha. PyroGenesis Canada carries a
24.33 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.
Compare PyroGenesis Canada to Peers
Other Technical Indicators