Ultrashort Smallcap600 Treynor Ratio

SDD
 Etf
  

USD 22.60  0.65  2.96%   

Ultrashort Smallcap600 treynor-ratio technical analysis lookup allows you to check this and other technical indicators for Ultrashort Smallcap600 ETF 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 Equity Screeners to view more equity screening tools
  
Ultrashort Smallcap600 ETF has current Treynor Ratio of 0.1628. 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 
 = 
0.1628
ER[a] = Expected return on investing in Ultrashort Smallcap600
BETA = Beta coefficient between Ultrashort Smallcap600 and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Ultrashort Treynor Ratio Relative To Other Indicators

Ultrashort Smallcap600 ETF is presently regarded as number one ETF in treynor ratio as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  104.59  of Maximum Drawdown per Treynor Ratio. The ratio of Maximum Drawdown to Treynor Ratio for Ultrashort Smallcap600 ETF is roughly  104.59 
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.
Compare Ultrashort Smallcap600 to Peers

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas