Fastighets Information Ratio vs. Treynor Ratio

BALD-B Stock  SEK 76.94  0.84  1.08%   
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Fastighets AB Balder has current Information Ratio of 0.0172. The Information Ratio is the ratio of the alpha component of total returns to the standard deviation of these excess alpha returns. The alpha component is the return that is attributable to the manager skill to time the market and is the residual after taking out the risk-free return and the beta components from the total returns. While the Sharpe ratio considers the standard deviation of the total returns, the information ratio considers the variability of only the alpha component of the return (which also forms the numerator). In other words, the information ratio is merely Jensen alpha divided by its standard deviation.

INFOR

 = 

ER[a] - ER[b]

STD[a]

 = 
0.0172
ER[a] = Expected return on investing in Fastighets
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Fastighets

Fastighets Information Ratio Peers Comparison

Fastighets Information Ratio Relative To Other Indicators

Fastighets AB Balder is rated third in information ratio category among related companies. It is currently under evaluation in treynor ratio category among related companies fabricating about  265.80  of Treynor Ratio per Information Ratio. The ratio of Treynor Ratio to Information Ratio for Fastighets AB Balder is roughly  265.80 
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, the average alpha for the market as a whole is in practice slightly less than zero because of the 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.
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