Spanish Mountain Total Risk Alpha
| SPA Stock | | | CAD 0.24 -0.02 -7.69% |
Observed values used to calculate the Total Risk Alpha technical indicator for Spanish Mountain Gold. Technical inputs may vary across markets and data providers.
Spanish Mountain Gold has current Total Risk Alpha of 0.6955. 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] |
| = | 0.6955 | |
| ER[a] | = | Expected return on investing in Spanish Mountain |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Spanish Mountain |
| 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
Spanish Mountain Gold 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
29.76 ratio of Maximum Drawdown to Total Risk Alpha. Spanish Mountain Gold's Maximum Drawdown exceeds Total Risk Alpha by a factor of
29.76 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Spanish Mountain to Peers
Other Technical Indicators