Noram Lithium total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Noram Lithium Corp or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
Noram
Noram Lithium Corp has current Total Risk Alpha of 0.4107. 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]
=
0.4107
ER[a]
=
Expected return on investing in Noram Lithium
ER[b]
=
Expected return on market index or selected benchmark
Noram Total Risk Alpha Relative To Other Indicators
Noram Lithium Corp is rated below average in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about 51.21 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Noram Lithium Corp is roughly 51.21
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