Gase Energy Total Risk Alpha
| GASE Stock | | | USD 0.0002 0.00 0.00% |
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Gase Energy has current Total Risk Alpha of 1.61. 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] |
| = | 1.61 | |
| ER[a] | = | Expected return on investing in Gase Energy |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Gase Energy |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Gase Energy Total Risk Alpha Peers Comparison
Gase Total Risk Alpha Relative To Other Indicators
Gase Energy is one of the top stocks in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
619.23 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Gase Energy is roughly
619.23 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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