| GASXF Stock | | | USD 0.66 0.01 1.54% |
Ngx Energy treynor-ratio technical analysis lookup allows you to check this and other technical indicators for Ngx Energy International or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Ngx Energy International has current Treynor Ratio of 1.76. 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 |
| = | 1.76 | |
| ER[a] | = | Expected return on investing in Ngx Energy |
| BETA | = | Beta coefficient between Ngx Energy and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ngx Energy Treynor Ratio Peers Comparison
Ngx Treynor Ratio Relative To Other Indicators
Ngx Energy International is one of the top stocks in treynor ratio category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
9.20 of Maximum Drawdown per Treynor Ratio. The ratio of Maximum Drawdown to Treynor Ratio for Ngx Energy International is roughly
9.20 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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