Gogo Market Risk Adjusted Performance
| GOGO Stock | | | USD 4.34 0.06 1.40% |
Market Risk-Adjusted Performance (MRAP) measures return relative to systematic risk (beta) rather than total risk (standard deviation). This isolates the return earned per unit of market exposure, filtering out idiosyncratic volatility that can be diversified away. Below is Gogo's current Market Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Market Risk Adjusted Performance Value
Gogo carries a Market Risk Adjusted Performance of 0.1107, consistent with positive but modest risk-adjusted return. Gogo has produced a positive return relative to risk, though the margin is limited.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.1107 | |
| ER[a] | = | Expected return on investing in Gogo |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
| BETA | = | Beta of the asset with market or selected benchmark. |
Market Risk Adjusted Performance Peers Comparison
Relative to peers, Gogo's Market Risk Adjusted Performance is below the group average of 0.3. Peer readings range from -0.1169 (Grupo Televisa SAB) to 0.7233 (MNTN Inc), reflecting wide dispersion across the sector. Gogo's risk-adjusted return trails the peer average, indicating less efficient compensation for the risk incurred.
Market Risk Adjusted Performance Relative To Other Indicators
The chart below plots Market Risk Adjusted Performance against Maximum Drawdown for Gogo and its peers. Each point represents one equity — position along the horizontal axis shows Market 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.
Gogo shows nearly
173.49 of Maximum Drawdown per unit of Market Risk Adjusted Performance (
0.11 versus
19.21 ). This indicates Maximum Drawdown substantially exceeds Market Risk Adjusted Performance for Gogo.
Methodology, Assumptions & Data Sources
Gogo has a current Market Risk Adjusted Performance reading of 0.1107. The Market Risk Adjusted Performance for Gogo applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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