| NUN Stock | | | EUR 0.01 0.00 0.00% |
Northern Minerals total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Northern Minerals 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
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Northern Minerals Limited has current Total Risk Alpha of 0.2835. 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] |
| = | 0.2835 | |
| ER[a] | = | Expected return on investing in Northern Minerals |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Northern Minerals |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Northern Minerals Total Risk Alpha Peers Comparison
Northern Total Risk Alpha Relative To Other Indicators
Northern Minerals Limited is regarded
third in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
242.27 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Northern Minerals Limited is roughly
242.27 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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