Happy Creek Total Risk Alpha
| HPYCF Stock | | | USD 0.11 0.05 31.25% |
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Happy Creek Minerals has current Total Risk Alpha of 0.0349. 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] |
| = | 0.0349 | |
| ER[a] | = | Expected return on investing in Happy Creek |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Happy Creek |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Happy Creek Total Risk Alpha Peers Comparison
Happy Total Risk Alpha Relative To Other Indicators
Happy Creek Minerals is rated
# 4 in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
5,935 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Happy Creek Minerals is roughly
5,935 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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