Precision Drilling Treynor Ratio
| PD Stock | | | CAD 122.92 -2.18 -1.74% |
The Treynor Ratio measures excess return per unit of systematic risk (beta) rather than total risk. It is calculated as (Portfolio Return - Risk-Free Rate) / Beta, isolating how well the asset compensates investors for market exposure that cannot be diversified away. Below is Precision Drilling's current Treynor Ratio with peer comparisons and related risk metrics.
Current Treynor Ratio Value
Precision Drilling's Treynor Ratio of
-0.34 reflects negative return per unit of systematic risk. Precision Drilling has not been compensated for the market risk it carries — systematic exposure has produced negative returns over the measured period.
Treynor Ratio | = | ER[a] - RFRBETA |
| = | -0.34 | |
| ER[a] | = | Expected return on investing in Precision Drilling |
| BETA | = | Beta coefficient between Precision Drilling and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Treynor Ratio Peers Comparison
The peer group averages 0.12 for Treynor Ratio, with Precision Drilling at -0.341 falling below that level. Readings span -1.3102 (Total Energy Services) to 3.34 (Ensign Energy Services). Precision Drilling has earned less return per unit of systematic risk than the peer average.
Treynor Ratio Relative To Other Indicators
The chart below plots Treynor Ratio against Maximum Drawdown for Precision Drilling and its peers. Each point represents one equity — position along the horizontal axis shows Treynor 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.
Compare Precision Drilling to PeersMethodology, Assumptions & Data Sources
Precision Drilling has a current Treynor Ratio reading of -0.34. The Treynor Ratio for Precision Drilling 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. The output reflects the selected calculation window — changing the horizon will produce different readings. This stock metric is provided for analytical reference.
Other Technical Indicators