Metcash Total Risk Alpha
| MCSHFDelisted Stock | | | USD 2.85 0.00 0.00% |
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Metcash Limited has current Total Risk Alpha of 0.3641. 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] |
| = | 0.3641 | |
| ER[a] | = | Expected return on investing in Metcash |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Metcash |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Metcash Total Risk Alpha Peers Comparison
Metcash Total Risk Alpha Relative To Other Indicators
Metcash Limited is considered to be number one stock in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
6.45 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Metcash Limited is roughly
6.45 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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