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Risk-adjusted return is a critical metric in finance, especially in cryptocurrency investments. It evaluates investment performance by considering risk. The five best ratios and formulas include RAROC, Sharpe Ratio, Treynor Ratio, and Jensen's Alpha. Investopedia provides insights into these metrics. RAROC is widely used in banking under Basel for risk-based performance management. Sharpe, Treynor, and Jensen's Alpha help measure risk-adjusted performance and can be calculated using Excel.

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