Ashapura Minechem Total Risk Alpha

ASHAPURMIN   336.65  7.00  2.04%   
Ashapura Minechem total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Ashapura Minechem Limited or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
  
Ashapura Minechem Limited has current Total Risk Alpha of 0.1496. 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]

 = 
0.1496
ER[a] = Expected return on investing in Ashapura Minechem
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Ashapura Minechem
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Ashapura Minechem Total Risk Alpha Peers Comparison

Ashapura Total Risk Alpha Relative To Other Indicators

Ashapura Minechem Limited is rated third in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  104.48  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Ashapura Minechem Limited is roughly  104.48 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Ashapura Minechem to Peers

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