NICO Resources Total Risk Alpha
| NICOF Stock | | | USD 0.05 0.01 18.03% |
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NICO Resources Limited has current Total Risk Alpha of 57.5. 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] |
| = | 57.5 | |
| ER[a] | = | Expected return on investing in NICO Resources |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NICO Resources |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
NICO Resources Total Risk Alpha Peers Comparison
NICO Total Risk Alpha Relative To Other Indicators
NICO Resources Limited is considered to be number one stock in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
347.07 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for NICO Resources Limited is roughly
347.07 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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