Canadian Manganese Total Risk Alpha
| CDMNF Stock | | | USD 0.01 0.01 1,900% |
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Canadian Manganese has current Total Risk Alpha of 0.6704. 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] |
| = | 0.6704 | |
| ER[a] | = | Expected return on investing in Canadian Manganese |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Canadian Manganese |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Canadian Manganese Total Risk Alpha Peers Comparison
Canadian Total Risk Alpha Relative To Other Indicators
Canadian Manganese is rated
third in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
1,492 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Canadian Manganese is roughly
1,492 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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