Cannabix Technologies Total Risk Alpha
| BLOZF Stock | | | USD 0.44 0.01 2.22% |
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Cannabix Technologies has current Total Risk Alpha of 0.0637. 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] |
| = | 0.0637 | |
| ER[a] | = | Expected return on investing in Cannabix Technologies |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Cannabix Technologies |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Cannabix Technologies Total Risk Alpha Peers Comparison
Cannabix Total Risk Alpha Relative To Other Indicators
Cannabix Technologies is rated
fourth in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
363.55 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Cannabix Technologies is roughly
363.55 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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