TC Energy Total Risk Alpha

TRP-PB Preferred Stock  CAD 14.44  0.07  0.49%   
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TC Energy Corp has current Total Risk Alpha of 0.0762. 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]

 = 
0.0762
ER[a] = Expected return on investing in TC Energy
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on TC Energy
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

TC Energy Total Risk Alpha Peers Comparison

TRP-PB Total Risk Alpha Relative To Other Indicators

TC Energy Corp 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  73.58  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for TC Energy Corp is roughly  73.58 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare TC Energy to Peers

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