AMERICAN FUNDS Sortino Ratio
| INPFX Fund | | | USD 14.26 -0.05 -0.35% |
AMERICAN FUNDS sortino ratio lookup summarizes this and related technical indicators for American Funds Income. Coverage depends on data availability and normalization;
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American Funds Income has current Sortino Ratio of 0.1175. The Sortino ratio measures the risk-adjusted return of an investment asset, portfolio or strategy. It is a special subset of the Sharpe ratio but penalizes only those returns falling below a user-specified target, or the required rate of return, while the Sharpe ratio penalizes both upside and downside volatility equally. Though both ratios measure an investment risk-adjusted returns, they do so in significantly different ways that will frequently lead to differing conclusions as the true nature of the investment return-generating efficiency.
Sortino Ratio | = | ER[a] - ER[b]DD |
| = | 0.1175 | |
| ER[a] | = | Expected return on investing in AMERICAN FUNDS |
| ER[b] | = | Expected return on market index or selected benchmark |
| DD | = | Downside Deviation |
AMERICAN FUNDS Sortino Ratio Peers Comparison
AMERICAN Sortino Ratio Relative To Other Indicators
American Funds Income is rated
second in sortino ratio among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
16.93 of Maximum Drawdown per Sortino Ratio. At
16.93 , American Funds Income's Maximum Drawdown-to-Sortino Ratio multiple reflects the spread between these metrics
The Sortino ratio is named after Frank A. Sortino and can be interpreted as the actual rate of return in excess of the investor target rate of return per unit of downside risk
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