Paramount Gold Total Risk Alpha
| PZG Stock | | | USD 1.96 -0.09 -4.39% |
Reference data associated with the Total Risk Alpha technical indicator for Paramount Gold Nevada. Some instruments may provide partial coverage depending on trading history.
Paramount Gold Nevada has current Total Risk Alpha of 1.29. 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] |
| = | 1.29 | |
| ER[a] | = | Expected return on investing in Paramount Gold |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Paramount 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
Paramount Gold Nevada ranks
fifth among stocks in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
26.41 Maximum Drawdown per unit of Total Risk Alpha. Paramount Gold Nevada carries a
26.41 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 Paramount Gold to Peers
Other Technical Indicators