Tertiary Minerals Total Risk Alpha
| TYM Stock | | | 0.09 -0.01 -5.56% |
Observed values used to calculate the Total Risk Alpha technical indicator for Tertiary Minerals Plc. Values may reflect normalized price or volume observations.
Tertiary Minerals Plc has current Total Risk Alpha of 1.96. 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] |
| = | 1.96 | |
| ER[a] | = | Expected return on investing in Tertiary Minerals |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Tertiary Minerals |
| 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
Tertiary Minerals Plc leads all stocks for total risk alpha relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers with a Maximum Drawdown-to-Total Risk Alpha ratio near
26.92 . The Maximum Drawdown to Total Risk Alpha ratio for Tertiary Minerals Plc comes in at
26.92 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Tertiary Minerals to Peers
Other Technical Indicators