Patterson UTI Market Risk Adjusted Performance
| PTEN Stock | | | USD 5.91 0.19 3.11% |
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Patterson UTI Energy has current Market Risk Adjusted Performance of 0.0624.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.0624 | |
| 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 regarded
fifth in market risk adjusted performance category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
205.80 of Maximum Drawdown per Market Risk Adjusted Performance. The ratio of Maximum Drawdown to Market Risk Adjusted Performance for Patterson UTI Energy is roughly
205.80
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