Casa Minerals Total Risk Alpha
| CASXF Stock | | | USD 0.06 0 1.59% |
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Casa Minerals has current Total Risk Alpha of 0.1634. 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] |
| = | 0.1634 | |
| ER[a] | = | Expected return on investing in Casa Minerals |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Casa Minerals |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Casa Minerals Total Risk Alpha Peers Comparison
Casa Total Risk Alpha Relative To Other Indicators
Casa Minerals 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
131.59 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Casa Minerals is roughly
131.59 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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