Sandfire Resources Total Risk Alpha
| SFR Stock | | | CAD 0.28 0.01 3.70% |
This technical indicator view for Total Risk Alpha organizes signals for Sandfire Resources America and comparable instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Sandfire Resources has a market cap of 286.54 M, ROE of -6.62%. See
World Market Map for portfolio-level analysis. This suggests a position in Sandfire Resources America 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.
Sandfire Resources America has current Total Risk Alpha of 0.252. 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] |
| = | 0.252 | |
| ER[a] | = | Expected return on investing in Sandfire Resources |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Sandfire Resources |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Sandfire Resources Total Risk Alpha Peers Comparison
Sandfire Total Risk Alpha Relative To Other Indicators
Sandfire Resources America is rated
below average for total risk alpha across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
89.61 ratio of Maximum Drawdown to Total Risk Alpha. Sandfire Resources America's Maximum Drawdown exceeds Total Risk Alpha by a factor of
89.61 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.