Metals Exploration Total Risk Alpha
| MTL Stock | | | 15.00 0.15 1.01% |
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Metals Exploration Plc has current Total Risk Alpha of 0.1546. 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] |
| = | 0.1546 | |
| ER[a] | = | Expected return on investing in Metals Exploration |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Metals Exploration |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Metals Exploration Total Risk Alpha Peers Comparison
Metals Total Risk Alpha Relative To Other Indicators
Metals Exploration Plc is regarded
fourth in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
125.62 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Metals Exploration Plc is roughly
125.62 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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