| N3Y Stock | | | EUR 0.43 0.02 4.88% |
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Nine Dragons Paper has current Treynor Ratio of 1.58. 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 |
| = | 1.58 | |
| ER[a] | = | Expected return on investing in Nine Dragons |
| BETA | = | Beta coefficient between Nine Dragons and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Nine Dragons Treynor Ratio Peers Comparison
Nine Treynor Ratio Relative To Other Indicators
Nine Dragons Paper is regarded
fourth in treynor ratio category among its peers. It is currently under evaluation in downside variance category among its peers reporting about
17.48 of Downside Variance per Treynor Ratio. The ratio of Downside Variance to Treynor Ratio for Nine Dragons Paper is roughly
17.48 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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