Many Peaks Total Risk Alpha

MPK Stock   0.89  0.04  4.71%   
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Many Peaks Minerals has current Total Risk Alpha of 0.1714. 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]

 = 
0.1714
ER[a] = Expected return on investing in Many Peaks
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Many Peaks
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Many Peaks Total Risk Alpha Peers Comparison

Many Total Risk Alpha Relative To Other Indicators

Many Peaks Minerals is regarded third in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  100.18  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Many Peaks Minerals is roughly  100.18 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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