| PTEN Stock | | | USD 11.53 0.07 0.60% |
Patterson UTI market-risk-adjusted-performance technical analysis lookup allows you to check this and other technical indicators for Patterson UTI Energy or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Patterson UTI Energy has current Market Risk Adjusted Performance of 0.1327.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.1327 | |
| ER[a] | = | Expected return on investing in Patterson UTI |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
| BETA | = | Beta of the asset with market or selected benchmark. |
Patterson UTI Market Risk Adjusted Performance Peers Comparison
Patterson Market Risk Adjusted Performance Relative To Other Indicators
Patterson UTI Energy is considered to be number one stock in market risk adjusted performance category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about
130.31 of Maximum Drawdown per Market Risk Adjusted Performance. The ratio of Maximum Drawdown to Market Risk Adjusted Performance for Patterson UTI Energy is roughly
130.31
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