Phoenix Copper Total Risk Alpha
| PXCLF Stock | | | USD 0.03 0.00 0.00% |
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Phoenix Copper Limited has current Total Risk Alpha of 0.3098. 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] |
| = | 0.3098 | |
| ER[a] | = | Expected return on investing in Phoenix Copper |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Phoenix Copper |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Phoenix Copper Total Risk Alpha Peers Comparison
Phoenix Total Risk Alpha Relative To Other Indicators
Phoenix Copper Limited 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
480.97 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Phoenix Copper Limited is roughly
480.97 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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