| BLM Stock | | | CAD 0.86 0.06 6.52% |
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BluMetric Environmental has current Total Risk Alpha of 0.0676. 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] |
| = | 0.0676 | |
| ER[a] | = | Expected return on investing in BluMetric Environmental |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on BluMetric Environmental |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
BluMetric Environmental Total Risk Alpha Peers Comparison
BluMetric Total Risk Alpha Relative To Other Indicators
BluMetric Environmental is number one stock in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
415.13 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for BluMetric Environmental is roughly
415.13 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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