Waste Connections Total Risk Alpha
| WCN Stock | | | USD 167.04 -0.20 -0.12% |
Observed values used to calculate the Total Risk Alpha technical indicator for Waste Connections. Indicator values reflect available price and volume data where applicable.
Waste Connections has current Total Risk Alpha of 0.0778. 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] |
| = | 0.0778 | |
| ER[a] | = | Expected return on investing in Waste Connections |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Waste Connections |
| 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
Waste Connections is rated
below average in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
134.35 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Waste Connections sits at
134.35 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Waste Connections to Peers
Other Technical Indicators