Central Petroleum Total Risk Alpha
| CNPTF Stock | | | USD 0.03 0.00 0.00% |
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Central Petroleum Limited has current Total Risk Alpha of 0.0281. 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] |
| = | 0.0281 | |
| ER[a] | = | Expected return on investing in Central Petroleum |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Central Petroleum |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Central Petroleum Total Risk Alpha Peers Comparison
Central Total Risk Alpha Relative To Other Indicators
Central Petroleum Limited 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
1,779 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Central Petroleum Limited is roughly
1,779 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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