Oil Gas Risk Adjusted Performance
| ENPSX Fund | | | USD 46.63 -0.32 -0.68% |
Risk-Adjusted Performance (RAP) measures the return an equity would have generated if it carried the same total risk (standard deviation) as the market. Derived from the Sharpe Ratio, RAP is expressed in percentage terms, making direct comparison across assets with different volatility profiles straightforward. Below is Oil Gas's current Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Risk Adjusted Performance Value
The current Risk Adjusted Performance of 0.0899 places Oil Gas at positive but modest risk-adjusted return. Oil Gas has produced a positive return relative to risk, though the margin is limited.
RAP | = | (ER[a] - RFR) * STD[b])/STD[b]RFR |
| = | 0.0899 | |
Risk Adjusted Performance Peers Comparison
Among sector peers, Oil Gas's Risk Adjusted Performance of 0.0899 is above the 0.03 group average. The range runs from -0.0855 (Fidelity Low Volatility) to 0.1688 (Guggenheim Alpha Opportunity). Oil Gas's risk-adjusted return exceeds the peer average, indicating more efficient compensation for risk taken.
Risk Adjusted Performance Relative To Other Indicators
The chart below plots Risk Adjusted Performance against Maximum Drawdown for Oil Gas and its peers. Each point represents one equity — position along the horizontal axis shows Risk Adjusted Performance 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.
Oil Gas's Maximum Drawdown of
10.09 runs about
112.24 times its Risk Adjusted Performance of
0.09 . This indicates Maximum Drawdown substantially exceeds Risk Adjusted Performance for Oil Gas.
Methodology, Assumptions & Data Sources
Oil Gas has a current Risk Adjusted Performance reading of 0.0899. Risk Adjusted Performance for Oil Gas is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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