| CVV Stock | | | 0.19 0.01 5.00% |
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Caravel Minerals has current Total Risk Alpha of 0.3203. 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] |
| = | 0.3203 | |
| ER[a] | = | Expected return on investing in Caravel Minerals |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Caravel Minerals |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Caravel Minerals Total Risk Alpha Peers Comparison
Caravel Total Risk Alpha Relative To Other Indicators
Caravel Minerals is rated
second in total risk alpha category among its peers. It is currently under evaluation in treynor ratio category among its peers .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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