Renew Energy Sortino Ratio
| RNW Stock | | | USD 5.62 0.22 4.07% |
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 Renew Energy's current Sortino Ratio with peer comparisons and related risk metrics.
Current Sortino Ratio Value
Renew Energy has a Sortino Ratio of 0.041, indicating its current reading on this measure. This reflects Renew Energy's positioning relative to its own recent range within Electric Utilities.
Sortino Ratio | = | ER[a] - ER[b]DD |
| = | 0.041 | |
| ER[a] | = | Expected return on investing in Renew Energy |
| ER[b] | = | Expected return on market index or selected benchmark |
| DD | = | Downside Deviation |
Sortino Ratio Peers Comparison
The peer group averages 0.06 for Sortino Ratio, with Renew Energy at 0.041 falling below that level. Readings span 0.0084 (Otter Tail) to 0.139 (Kenon Holdings). Renew Energy'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 Renew Energy 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.
Renew Energy produces
208.07 in Maximum Drawdown for each unit of Sortino Ratio, with respective readings of
8.53 and
0.04 . This indicates Maximum Drawdown substantially exceeds Sortino Ratio for Renew Energy.
Methodology, Assumptions & Data Sources
Renew Energy's Sortino Ratio currently stands at 0.041. Sortino Ratio for Renew Energy 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. Renew Energy operates in the utilities sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. 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