Element79 Gold Total Risk Alpha vs. Downside Variance
| ELMGF Stock | | | USD 0.03 0 7.41% |
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Element79 Gold Corp has current Total Risk Alpha of 0.6476. 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] |
| = | 0.6476 | |
| ER[a] | = | Expected return on investing in Element79 Gold |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Element79 Gold |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Element79 Gold Total Risk Alpha Peers Comparison
Element79 Total Risk Alpha Relative To Other Indicators
Element79 Gold Corp is rated
# 2 in total risk alpha category among its peers. It is currently under evaluation in downside variance category among its peers reporting about
209.44 of Downside Variance per Total Risk Alpha. The ratio of Downside Variance to Total Risk Alpha for Element79 Gold Corp is roughly
209.44 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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