Mene Total Risk Alpha
| MENEF Pink Sheet | | | USD 0.14 -0.01 -6.67% |
Total Risk Alpha for Mene Inc is tracked, covering the current reading, formula details, and peer comparison data. The reading is most informative when compared against the instrument's own historical range.
Mene Volatility paired with
Mene Price History provides supplemental context on Mene.
Current Total Risk Alpha Value
With Total Risk Alpha at 0.1708, Mene shows positive alpha — return above what market exposure alone would predict. Mene has generated modest excess return beyond what its systematic risk exposure explains.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.1708 | |
| ER[a] | = | Expected return on investing in Mene |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Mene |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Among sector peers, Mene's Total Risk Alpha of 0.1708 is below the 1.07 group average. The range runs from -0.3076 (ENM Holdings Limited) to 7.0 (New Focus Auto). Mene has generated less excess return relative to its market exposure than the peer group average.
Total Risk Alpha Relative To Other Indicators
The chart below plots Total Risk Alpha against Maximum Drawdown for Mene and its peers. Each point represents one equity — position along the horizontal axis shows Total Risk Alpha while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Mene records a Total Risk Alpha of
0.17 and a Maximum Drawdown of
45.05 , yielding roughly
263.79 units of Maximum Drawdown per Total Risk Alpha. This indicates Maximum Drawdown substantially exceeds Total Risk Alpha for Mene.
Methodology, Assumptions & Data Sources
Mene's Total Risk Alpha currently stands at 0.1708. The Total Risk Alpha for Mene applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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