CareDx Sortino Ratio
| CDNA Stock | | | USD 21.43 0.48 2.29% |
The Sortino Ratio measures risk-adjusted return using only downside deviation rather than total volatility. Unlike the Sharpe Ratio, which penalizes both upside and downside volatility equally, the Sortino Ratio penalizes only returns below a target threshold, making it a more targeted measure of harmful volatility. Below is CareDx's current Sortino Ratio with peer comparisons and related risk metrics.
Current Sortino Ratio Value
At 0.0907, CareDx's Sortino Ratio indicates its current reading on this measure. This reflects CareDx's positioning relative to its own recent range within Stock.
Sortino Ratio | = | ER[a] - ER[b]DD |
| = | 0.0907 | |
| ER[a] | = | Expected return on investing in CareDx |
| ER[b] | = | Expected return on market index or selected benchmark |
| DD | = | Downside Deviation |
Sortino Ratio Peers Comparison
Among sector peers, CareDx's Sortino Ratio of 0.0907 is below the 0.11 group average. The range runs from 0.0534 (CorMedix) to 0.1595 (Vir Biotechnology). CareDx's risk-adjusted return trails the peer average, indicating less efficient compensation for the risk incurred.
Sortino Ratio Relative To Other Indicators
The chart below plots Sortino Ratio against Maximum Drawdown for CareDx and its peers. Each point represents one equity — position along the horizontal axis shows Sortino Ratio while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
CareDx's Maximum Drawdown of
32.67 runs about
360.20 times its Sortino Ratio of
0.09 . This indicates Maximum Drawdown substantially exceeds Sortino Ratio for CareDx.
Methodology, Assumptions & Data Sources
The current Sortino Ratio for CareDx is 0.0907. The Sortino Ratio for CareDx applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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