Evertz Technologies Risk Adjusted Performance
| ET Stock | | | CAD 16.02 -0.04 -0.25% |
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 Evertz Technologies's current Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Risk Adjusted Performance Value
The Risk Adjusted Performance of 0.1463 for Evertz Technologies indicates positive but modest risk-adjusted return. Evertz Technologies has produced a positive return relative to risk, though the margin is limited.
RAP | = | (ER[a] - RFR) * STD[b])/STD[b]RFR |
| = | 0.1463 | |
Risk Adjusted Performance Peers Comparison
The peer group averages 0.09 for Risk Adjusted Performance, with Evertz Technologies at 0.1463 falling above that level. Readings span -0.0594 (Computer Modelling Group) to 0.2565 (Vecima Networks). Evertz Technologies'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 Evertz Technologies 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.
Evertz Technologies shows nearly
37.39 of Maximum Drawdown per unit of Risk Adjusted Performance (
0.15 versus
5.47 ). This indicates Maximum Drawdown substantially exceeds Risk Adjusted Performance for Evertz Technologies.
Methodology, Assumptions & Data Sources
The current Risk Adjusted Performance for Evertz Technologies is 0.1463. This Risk Adjusted Performance reading for Evertz Technologies results from applying the indicator's calculation rules to price and volume data over the selected window. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Evertz Technologies operates in the information technology sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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