OPPENHEIMER STEELPATH Treynor Ratio
| MLPFX Fund | | | USD 10.80 0.13 1.22% |
The Treynor Ratio indicator for OPPENHEIMER STEELPATH is constructed from normalized market data. Values reflect historical observations within the available dataset. Diversification context is available through
Correlation Analysis. All metrics are derived from available inputs and shown for reference. Adding Oppenheimer Steelpath Mlp to a portfolio enables side-by-side comparison with other holdings. This enables performance tracking across the full position set. Broader economic conditions can influence Oppenheimer Steelpath Mlp's mutual fund valuation — related indicators include
signals in price.
Oppenheimer Steelpath Mlp has current Treynor Ratio of
-2.67. The Treynor is the reward-to-volatility ratio that expresses the excess return to the beta of the equity or portfolio. It is similar to the Sharpe ratio, but instead of using volatility in the denominator, it uses the beta of equity or portfolio. Therefore, the Treynor Ratio is calculated as [(Portfolio return - Risk-free return)/Beta].
Treynor Ratio | = | ER[a] - RFRBETA |
| = | -2.67 | |
| ER[a] | = | Expected return on investing in OPPENHEIMER STEELPATH |
| BETA | = | Beta coefficient between OPPENHEIMER STEELPATH and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Treynor Ratio Peers Comparison
Treynor Ratio Relative To Other Indicators
Oppenheimer Steelpath Mlp is rated
below average in treynor ratio among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
This ratio was developed by Jack Treynor to measure how well an investment has compensated its investors given its level of risk. The Treynor ratio relies on beta, which measures an investment sensitivity to market movements, to gauge risk. The premise underlying the Treynor ratio is that systematic risk--the kind of risk that is inherent to the entire market (represented by beta)--should be penalized because it cannot be diversified away.
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