Good Finance Treynor Ratio

6021 Stock  TWD 23.65  0.15  0.63%   
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Good Finance Securities has current Treynor Ratio of (0.83). The Treynor is the reward-to-volatility ratio that expresses the excess return to the beta of the equity or portfolio. It is similar to the Sharpe ratio, but instead of using volatility in the denominator, it uses the beta of equity or portfolio. Therefore, the Treynor Ratio is calculated as [(Portfolio return - Risk-free return)/Beta].

Treynor Ratio

 = 

ER[a] - RFR

BETA

 = 
(0.83)
ER[a] = Expected return on investing in Good Finance
BETA = Beta coefficient between Good Finance and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Good Finance Treynor Ratio Peers Comparison

0.3114-0.82710.65470.08990.4351100%

Good Treynor Ratio Relative To Other Indicators

JavaScript chart by amCharts 3.21.156023600528202889602428556021 0246810121416 -1.0-0.500.51.0
This ratio was developed by Jack Treynor to measure how well an investment has compensated its investors given its level of risk. The Treynor ratio relies on beta, which measures an investment sensitivity to market movements, to gauge risk. The premise underlying the Treynor ratio is that systematic risk--the kind of risk that is inherent to the entire market (represented by beta)--should be penalized because it cannot be diversified away.
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