BOCANA RESOURCES Total Risk Alpha
| VC1 Stock | | | 0.07 0.01 19.51% |
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BOCANA RESOURCES P has current Total Risk Alpha of 0.979. 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] |
| = | 0.979 | |
| ER[a] | = | Expected return on investing in BOCANA RESOURCES |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on BOCANA RESOURCES |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
BOCANA RESOURCES Total Risk Alpha Peers Comparison
BOCANA Total Risk Alpha Relative To Other Indicators
BOCANA RESOURCES P is rated
first in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
59.58 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for BOCANA RESOURCES P is roughly
59.58 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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