Red Metal Total Risk Alpha
| RMESF Pink Sheet | | | USD 0.08 -0.0009 -1.12% |
This reference presents Total Risk Alpha data for Red Metal Resources, including the current value, historical trend, and peer comparisons. Context for Red Metal is enhanced by combining
Red Metal Volatility with
Red Metal Price History.
Current Total Risk Alpha Value
Red Metal registers a Total Risk Alpha of 2.26, reflecting strong positive alpha — return materially above what market exposure alone would predict. Red Metal has generated returns well beyond what its beta-adjusted market risk explains.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 2.26 | |
| ER[a] | = | Expected return on investing in Red Metal |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Red Metal |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Red Metal's Total Risk Alpha of 2.26 falls below the 2.77 peer average. Values range from 0.4067 (Aurwest Resources) to 8.93 (Vendetta Mining Corp), with wide dispersion across the group. Red Metal has generated less excess return relative to its market exposure than the peer group average.
Total Risk Alpha Relative To Other Indicators
The chart below plots Total Risk Alpha against Maximum Drawdown for Red Metal and its peers. Each point represents one equity — position along the horizontal axis shows Total Risk Alpha while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Red Metal records a Total Risk Alpha of
2.26 and a Maximum Drawdown of
167.79 , yielding roughly
74.19 units of Maximum Drawdown per Total Risk Alpha. This indicates Maximum Drawdown substantially exceeds Total Risk Alpha for Red Metal.
Methodology, Assumptions & Data Sources
Red Metal has a current Total Risk Alpha reading of 2.26. Total Risk Alpha for Red Metal is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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