Ovintiv Risk Adjusted Performance
| OVV Stock | | | USD 57.83 -0.48 -0.82% |
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 Ovintiv's current Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Risk Adjusted Performance Value
At 0.151, Ovintiv exhibits positive but modest risk-adjusted return in Risk Adjusted Performance. Ovintiv has produced a positive return relative to risk, though the margin is limited.
RAP | = | (ER[a] - RFR) * STD[b])/STD[b]RFR |
| = | 0.151 | |
Risk Adjusted Performance Peers Comparison
Ovintiv's Risk Adjusted Performance of 0.151 falls above the 0.11 peer average. Values range from 0.0453 (Antero Resources Corp) to 0.1381 (APA Corporation), with moderate dispersion across the group. Ovintiv'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 Ovintiv 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.
Ovintiv produces
86.14 in Maximum Drawdown for each unit of Risk Adjusted Performance, with respective readings of
13.01 and
0.15 . This indicates Maximum Drawdown substantially exceeds Risk Adjusted Performance for Ovintiv.
Methodology, Assumptions & Data Sources
Ovintiv's Risk Adjusted Performance currently stands at 0.151. Ovintiv's Risk Adjusted Performance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Ovintiv operates in the energy sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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