| PD Stock | | | CAD 87.76 0.15 0.17% |
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Precision Drilling has current Total Risk Alpha of
(0.48). 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] |
| = | (0.48) | |
| ER[a] | = | Expected return on investing in Precision Drilling |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Precision Drilling |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Precision Drilling Total Risk Alpha Peers Comparison
Precision Total Risk Alpha Relative To Other Indicators
Precision Drilling is rated
below average in total risk alpha category among its peers. It is currently under evaluation in kurtosis category among its peers .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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