Sharpe Ratio


Named after Nobel laureate William F Sharpe, the Sharpe ratio is a measure of risk-adjusted returns. The statistic is calculated by dividing the average excess return by the volatility of returns. See Sorting the Sheep from the Goats.


We design intelligent investment systems that evolve as financial markets change through time. Our decisions are driven by the empirical analysis of data, rather than instinct or intuition.


Winton’s systematic strategies are all underpinned by the belief that markets, rather than being efficient, exhibit hard-to-detect yet identifiable patterns.


Winton’s considerable investment in scientific research has produced a wide range of new innovations ranging from new investment strategies to enhanced research methodology.