Provident Financial Sortino Ratio
| PROV Stock | | | USD 17.03 -0.07 -0.41% |
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 Provident Financial's current Sortino Ratio with peer comparisons and related risk metrics.
Current Sortino Ratio Value
Provident Financial has a Sortino Ratio of 0.1019, indicating its current reading on this measure. This reflects Provident Financial's positioning relative to its own recent range within Stock.
Sortino Ratio | = | ER[a] - ER[b]DD |
| = | 0.1019 | |
| ER[a] | = | Expected return on investing in Provident Financial |
| ER[b] | = | Expected return on market index or selected benchmark |
| DD | = | Downside Deviation |
Sortino Ratio Peers Comparison
The peer group averages 0.07 for Sortino Ratio, with Provident Financial at 0.1019 falling above that level. Readings span -0.0067 (Magyar Bancorp) to 0.2209 (Rhinebeck Bancorp). Provident Financial'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 Provident Financial 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.
Provident Financial produces
32.36 in Maximum Drawdown for each unit of Sortino Ratio, with respective readings of
3.30 and
0.10 . This indicates Maximum Drawdown substantially exceeds Sortino Ratio for Provident Financial.
Methodology, Assumptions & Data Sources
The current Sortino Ratio for Provident Financial is 0.1019. The Sortino Ratio for Provident Financial is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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