Evolution Mining Treynor Ratio vs. Value At Risk
| WE7 Stock | | | EUR 8.31 0.31 3.88% |
Reference data associated with the this indicator technical indicator for Evolution Mining Limited. Certain instruments may report limited data depending on market coverage.
Evolution Mining Limited has current Treynor Ratio of 0.6987. 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 |
| = | 0.6987 | |
| ER[a] | = | Expected return on investing in Evolution Mining |
| BETA | = | Beta coefficient between Evolution Mining and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Treynor Ratio Peers Comparison
Treynor Ratio Relative To Other Indicators
Evolution Mining Limited ranks
second among stocks in treynor ratio across its competitive set. It is currently under evaluation in value at risk across its competitive set .
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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