Magna Mining Treynor Ratio

NICU Stock   0.69  0.01  1.47%   
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Magna Mining has current Treynor Ratio of 0.5797. 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

 = 
0.5797
ER[a] = Expected return on investing in Magna Mining
BETA = Beta coefficient between Magna Mining and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Magna Mining Treynor Ratio Peers Comparison

Magna Treynor Ratio Relative To Other Indicators

Magna Mining is considered to be number one stock in treynor ratio category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  44.00  of Maximum Drawdown per Treynor Ratio. The ratio of Maximum Drawdown to Treynor Ratio for Magna Mining is roughly  44.00 
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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