CFA® Exam Formulas App

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\(S_T=\frac{{R}_P - {R}_F}{\sigma_D}\)

  • \(S_T\) - Sortino ratio
  • \({R}_P\) - return on a portfolio
  • \({R}_F\) - return on the risk free asset
  • \(\sigma_D\) - downside deviation of the portfolio