| KMX Stock | | | MXN 1,686 53.00 3.05% |
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CarMax Inc has current Treynor Ratio of 148.47. 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] - RFRBETA |
| = | 148.47 | |
| ER[a] | = | Expected return on investing in CarMax |
| BETA | = | Beta coefficient between CarMax and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
CarMax Treynor Ratio Peers Comparison
CarMax Treynor Ratio Relative To Other Indicators
CarMax Inc is rated
second overall in treynor ratio category among its peers. It is currently regarded as number one stock in maximum drawdown category among its peers reporting about
0.13 of Maximum Drawdown per Treynor Ratio. The ratio of Treynor Ratio to Maximum Drawdown for CarMax Inc is roughly
7.58 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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