LONGBOARD ALTERNATIVE Sortino Ratio
| LONAX Fund | | | USD 16.07 -0.04 -0.25% |
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 LONGBOARD ALTERNATIVE's current Sortino Ratio with peer comparisons and related risk metrics.
Current Sortino Ratio Value
LONGBOARD ALTERNATIVE carries a Sortino Ratio of 0.0871, consistent with its current reading on this measure. This reflects LONGBOARD ALTERNATIVE's positioning relative to its own recent range within Longboard Funds.
Sortino Ratio | = | ER[a] - ER[b]DD |
| = | 0.0871 | |
| ER[a] | = | Expected return on investing in LONGBOARD ALTERNATIVE |
| ER[b] | = | Expected return on market index or selected benchmark |
| DD | = | Downside Deviation |
Sortino Ratio Peers Comparison
LONGBOARD ALTERNATIVE's Sortino Ratio of 0.0871 falls below the 0.09 peer average. Values range from 0.0635 (American Balanced Fund) to 0.1718 (Aqr Managed Futures), with wide dispersion across the group. LONGBOARD ALTERNATIVE's risk-adjusted return trails the peer average, indicating less efficient compensation for the risk incurred.
Sortino Ratio Relative To Other Indicators
The chart below plots Sortino Ratio against Maximum Drawdown for Longboard Alternative 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.
LONGBOARD ALTERNATIVE's Maximum Drawdown of
3.51 runs about
40.30 times its Sortino Ratio of
0.09 . This indicates Maximum Drawdown substantially exceeds Sortino Ratio for LONGBOARD ALTERNATIVE.
Methodology, Assumptions & Data Sources
LONGBOARD ALTERNATIVE has a current Sortino Ratio reading of 0.0871. LONGBOARD ALTERNATIVE's Sortino Ratio is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. LONGBOARD ALTERNATIVE operates in the options trading sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The output reflects the selected calculation window — changing the horizon will produce different readings. This fund metric is provided for analytical reference.
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