Stantec Total Risk Alpha
| STN Stock | | | USD 111.99 0.92 0.83% |
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Stantec has current Total Risk Alpha of 0.2413. 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] |
| = | 0.2413 | |
| ER[a] | = | Expected return on investing in Stantec |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Stantec |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Stantec Total Risk Alpha Peers Comparison
Stantec Total Risk Alpha Relative To Other Indicators
Stantec 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
27.23 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Stantec is roughly
27.23 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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