Kellanova Treynor Ratio

K Stock  USD 61.33  0.31  0.50%   
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Kellanova has current Treynor Ratio of 0.3469. 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

 = 
0.3469
ER[a] = Expected return on investing in Kellanova
BETA = Beta coefficient between Kellanova and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Kellanova Treynor Ratio Peers Comparison

Kellanova Treynor Ratio Relative To Other Indicators

Kellanova is rated fourth overall in treynor ratio category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  25.38  of Maximum Drawdown per Treynor Ratio. The ratio of Maximum Drawdown to Treynor Ratio for Kellanova is roughly  25.38 
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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