ClearSign Combustion Total Risk Alpha

CLIR Stock  USD 1.18  0.06  5.36%   
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ClearSign Combustion has current Total Risk Alpha of 0.0251. 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]

 = 
0.0251
ER[a] = Expected return on investing in ClearSign Combustion
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on ClearSign Combustion
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

ClearSign Combustion Total Risk Alpha Peers Comparison

ClearSign Total Risk Alpha Relative To Other Indicators

ClearSign Combustion is rated second in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  1,291  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for ClearSign Combustion is roughly  1,291 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare ClearSign Combustion to Peers

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