Parex Resources Sortino Ratio
| PARXF Pink Sheet | | | USD 20.76 -1.07 -4.90% |
The Sortino Ratio for Parex Resources is detailed below with current readings, historical data points, and sector comparisons.
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Current Sortino Ratio Value
At 0.1845, Parex Resources exhibits its current reading on this measure in Sortino Ratio. This reflects Parex Resources's positioning relative to its own recent range within Pink Sheet.
Sortino Ratio | = | ER[a] - ER[b]DD |
| = | 0.1845 | |
| ER[a] | = | Expected return on investing in Parex Resources |
| ER[b] | = | Expected return on market index or selected benchmark |
| DD | = | Downside Deviation |
Sortino Ratio Peers Comparison
Relative to peers, Parex Resources's Sortino Ratio is above the group average of 0.16. Peer readings range from 0.0908 (Dno ASA) to 0.2006 (Aker Solutions ASA), reflecting moderate dispersion across the sector. Parex Resources'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 Parex Resources 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.
Parex Resources records a Sortino Ratio of
0.18 and a Maximum Drawdown of
15.28 , yielding roughly
82.79 units of Maximum Drawdown per Sortino Ratio. This indicates Maximum Drawdown substantially exceeds Sortino Ratio for Parex Resources.
Methodology, Assumptions & Data Sources
Parex Resources has a current Sortino Ratio reading of 0.1845. Sortino Ratio for Parex Resources is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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