Finance

Sortino Ratio Formula - Finance

Learn the sortino ratio formula with examples, step-by-step guide, and calculator tools. Evaluate investment performance focusing only on downside risk, making it more relevant for investors concerned about losses

The sortino ratio formula is a fundamental concept in finance. Evaluate investment performance focusing only on downside risk, making it more relevant for investors concerned about losses. This page provides a comprehensive guide with worked examples and practical applications.

The Formula

\[S = \frac{R_p - R_f}{\sigma_d}\]

Variables

S
Sortino ratio (focuses on bad volatility)
R_p
Portfolio return (annualized)
R_f
Risk-free rate (minimum acceptable return)
σ_d
Downside deviation (standard deviation of negative returns)

Step-by-Step Guide

  1. 1

    Step 1: Gather your data values

  2. 2

    Step 2: Apply the formula

  3. 3

    Step 3: Perform the calculations

  4. 4

    Step 4: Interpret the result

Examples

Example 1

Example 1: [0.12,0.03,0.08] → Sortino Ratio = (12% portfolio return - 3% risk-free rate) / 8% downside deviation = 1.125

Example 2

Example 2: 1.125

Frequently Asked Questions

What is the sortino ratio formula?

Evaluate investment performance focusing only on downside risk, making it more relevant for investors concerned about losses

How do I calculate sortino ratio formula?

Use the formula: S = \frac{R_p - R_f}{\sigma_d}. Follow the steps provided above.

What tools can help with sortino ratio formula?

We provide online calculators: npv-calculator, irr-calculator, business-loan-calculator

Related Tools

Related Insights, Formulas & Comparisons

Sortino Ratio Formula - Finance | Yoopla