Chevron Information Ratio 
CVX  USA Stock  Fiscal Quarter End: December 31, 2019 
Symbol 
 =  (0.045284) 
ER[a]  =  Expected return on investing in Chevron 
ER[b]  =  Expected return on market index or selected benchmark 
STD[a]  =  Standard Deviation of returns on Chevron 
Information Ratio Comparison
Chevron Corporation is rated below average in information ratio category among related companies. It is rated fifth in maximum drawdown category among related companies .
The higher the information ratio, the greater the chances of the manager to make money in the future. The information ratio only looks to compute the return per unit of risk undertaken for the alpha component. This is important because alpha returns are risky, as they represent a zero sum game for the market as a whole. In fact, average alpha for the market as a whole is in practice slightly less than zero because of transaction and other costs. Therefore it is easy for a manager to take on ?alpha risk? and lose money that will bite into the beta returns.Information Ratio 

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Risk Adjusted Performance  0.0115  
Market Risk Adjusted Performance  0.0133  
Mean Deviation  0.9168  
Semi Deviation  1.26  
Downside Deviation  1.3  
Coefficient Of Variation  9914.0  
Standard Deviation  1.32  
Variance  1.74  
Information Ratio  (0.045284)  
Jensen Alpha  (0.06)  
Total Risk Alpha  (0.13)  
Sortino Ratio  (0.045915)  
Treynor Ratio  0.0033  
Maximum Drawdown  7.96  
Value At Risk  (2.18)  
Potential Upside  2.06  
Downside Variance  1.69  
Semi Variance  1.58  
Expected Short fall  (0.96)  
Skewness  0.3412  
Kurtosis  2.4 
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