Evertz Technologies Sortino Ratio
| ET Stock | | | CAD 16.30 0.18 1.12% |
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 Evertz Technologies's current Sortino Ratio with peer comparisons and related risk metrics.
Current Sortino Ratio Value
At 0.1749, Evertz Technologies's Sortino Ratio indicates its current reading on this measure. This reflects Evertz Technologies's positioning relative to its own recent range within Communications Equipment.
Sortino Ratio | = | ER[a] - ER[b]DD |
| = | 0.1749 | |
| ER[a] | = | Expected return on investing in Evertz Technologies |
| ER[b] | = | Expected return on market index or selected benchmark |
| DD | = | Downside Deviation |
Sortino Ratio Peers Comparison
The peer group averages 0.15 for Sortino Ratio, with Evertz Technologies at 0.1749 falling above that level. Readings span 0.0105 (Total Telcom) to 0.347 (Vecima Networks). Evertz Technologies's risk-adjusted return exceeds the peer average, indicating more efficient compensation for risk taken.
Sortino Ratio Relative To Other Indicators
The chart below plots Sortino Ratio against Maximum Drawdown for Evertz Technologies 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.
Evertz Technologies shows nearly
31.28 of Maximum Drawdown per unit of Sortino Ratio (
0.17 versus
5.47 ). This indicates Maximum Drawdown substantially exceeds Sortino Ratio for Evertz Technologies.
Methodology, Assumptions & Data Sources
Evertz Technologies has a current Sortino Ratio reading of 0.1749. The Sortino Ratio for Evertz Technologies 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. 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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