Durango Resources Total Risk Alpha

ATOXF
 Stock
  

USD 0.04  0.0024  6.38%   

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Durango Resources has current Total Risk Alpha of 0.1722. 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] 
 = 
0.1722
ER[a] = Expected return on investing in Durango Resources
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Durango Resources
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Durango Total Risk Alpha Relative To Other Indicators

Durango Resources is rated second in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  237.80  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Durango Resources is roughly  237.80 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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