TerrAscend Corp Total Risk Alpha
| TSND Stock | | | 0.86 -0.09 -9.47% |
The Total Risk Alpha signal for TerrAscend Corp reflects patterns observed in trading data. All inputs are based on actual trading observations from supported exchanges. TerrAscend Corp has a market cap of 353.42 M, operating margin of 15.34%, ROE of -17.76%. See
World Market Map for additional portfolio context. The allocation summary reflects available position data. Portfolio metrics are derived from available position data. All content is derived from available inputs and carries no advisory implication. This includes a position in TerrAscend Corp. The position sits inside the allocation mix. Portfolio construction methods define how positions are sized. 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.
TerrAscend Corp has current Total Risk Alpha of 1.09. 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] |
| = | 1.09 | |
| ER[a] | = | Expected return on investing in TerrAscend Corp |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on TerrAscend Corp |
| 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
TerrAscend 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
57.98 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for TerrAscend Corp sits at
57.98 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare TerrAscend Corp to Peers
Other Technical Indicators