Precision Drilling Sortino Ratio
| PDS Stock | | | USD 87.79 -2.14 -2.38% |
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 Precision Drilling's current Sortino Ratio with peer comparisons and related risk metrics.
Current Sortino Ratio Value
With Sortino Ratio at 0.0545, Precision Drilling shows its current reading on this measure. This reflects Precision Drilling's positioning relative to its own recent range within Energy Equipment & Services.
Sortino Ratio | = | ER[a] - ER[b]DD |
| = | 0.0545 | |
| ER[a] | = | Expected return on investing in Precision Drilling |
| ER[b] | = | Expected return on market index or selected benchmark |
| DD | = | Downside Deviation |
Sortino Ratio Peers Comparison
Precision Drilling's Sortino Ratio of 0.0545 falls below the 0.12 peer average. Values range from 0.0217 (Global Partners LP) to 0.1965 (Teekay), with wide dispersion across the group. Precision Drilling'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 Precision Drilling 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.
Comparing Sortino Ratio (
0.05 ) to Maximum Drawdown (
13.56 ) for Precision Drilling yields a
248.84 multiple. This indicates Maximum Drawdown substantially exceeds Sortino Ratio for Precision Drilling.
Methodology, Assumptions & Data Sources
Precision Drilling has a current Sortino Ratio reading of 0.0545. The Sortino Ratio for Precision Drilling applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Precision Drilling operates in the energy sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. 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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