Cleo Diagnostics (ASX:COV) 1-Year Sharpe Ratio: 0.09 (As of Aug. 28, 2026)

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ASX:COV Cleo Diagnostics Ltd ASX:COV
36 GF Score
Price A$0.35
! 1 Warning Sign
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What is Cleo Diagnostics 1-Year Sharpe Ratio?

Cleo Diagnostics ASX:COV +1.47% 36 1-Year Sharpe Ratio is 0.09 as of Aug. 28, 2026. GuruFocus rates ASX:COV with a GF Score™ of 36/100. The stock has 1 warning sign investors should review.

The 1-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk over the past year. As of today (2026-08-28), Cleo Diagnostics's 1-Year Sharpe Ratio is 0.09.

Cleo Diagnostics  (ASX:COV) 1-Year Sharpe Ratio Explanation

The 1-Year Sharpe Ratio inidicates the risk-adjusted return of an investment over the past year. It is calculated as the annualized result of the average monthly excess return divided by its standard deviation over the past year. The monthly excess return is the monthly investment return minus the monthly risk-free rate (typically the 10-year Treasury Constant Maturity Rate). If the risk-free rate for a specific region is not available, U.S. data is used by default.

The greater a portfolio's Sharpe Ratio, the better its risk-adjusted performance. A negative Sharpe Ratio means the risk-free rate is greater than the portfolio’s historical or projected return, or else the portfolio's return is expected to be negative.

Cleo Diagnostics 1-Year Sharpe Ratio Related Terms

ASX:COV vs ABT, SYK, MDT: 1-Year Sharpe Ratio Comparison

For the Medical Devices subindustry, Cleo Diagnostics's 1-Year Sharpe Ratio, along with its competitors' market caps and 1-Year Sharpe Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cleo Diagnostics 1-Year Sharpe Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Cleo Diagnostics's 1-Year Sharpe Ratio distribution charts can be found below:

* The bar in red indicates where Cleo Diagnostics's 1-Year Sharpe Ratio falls into.


ASX:COV
36GF Score
Cleo Diagnostics Ltd ASX:COV
1-Year Sharpe Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cleo Diagnostics 1-Year Sharpe Ratio Calculation

The 1-Year Sharpe Ratio measures the performance of an investment such as a stock or portfolio compared to a risk-free asset. A stock / portfolio's 1-Year Sharpe Ratio can be calculated by dividing the difference between the one-year returns of the investment and the risk-free rate, by the standard deviation of the investment returns over one year.

Frequently Asked Questions Learn more about 1-Year Sharpe Ratio →
What does a 1-Year Sharpe Ratio of 0.09 mean?
Cleo Diagnostics (ASX:COV) has a 1-Year Sharpe Ratio of 0.09 as of Aug. 28, 2026. 1-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk. View historical data for Cleo Diagnostics and its competitors.
Is Cleo Diagnostics' 1-Year Sharpe Ratio too high?
Cleo Diagnostics' current 1-Year Sharpe Ratio is 0.09. Overall, Cleo Diagnostics has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Cleo Diagnostics' 1-Year Sharpe Ratio compare to ABT and SYK?
Cleo Diagnostics' 1-Year Sharpe Ratio of 0.09 can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 1-Year Sharpe Ratio for a Medical Devices & Instruments company?
A good 1-Year Sharpe Ratio depends on the Medical Devices & Instruments industry context. However, 1-Year Sharpe Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 1-Year Sharpe Ratio mean?
A high 1-Year Sharpe Ratio can signal that a stock is expensive relative to its fundamentals. 1-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk. View historical data for Cleo Diagnostics and its competitors. Cleo Diagnostics's current 1-Year Sharpe Ratio is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleo Diagnostics stock overvalued right now?
Cleo Diagnostics (ASX:COV) has a current 1-Year Sharpe Ratio of 0.09. The current 1-Year Sharpe Ratio is 0.09. Cleo Diagnostics' overall GF Score™ is 36/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 1-Year Sharpe Ratio calculated?
1-Year Sharpe Ratio is calculated from a company's financial statements. For Cleo Diagnostics (ASX:COV), the current 1-Year Sharpe Ratio is 0.09 as of Aug. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cleo Diagnostics Business Description

Address 480 Collins Street, Level 2, Melbourne, VIC, AUS, 3000
Cleo Diagnostics Ltd is focused on the development of non-invasive blood-based IVD tests to detect the presence, and recurrence, of ovarian cancer. The company's first product to market is intended to be the Triage Test which results to accurately differentiate patients with malignant ovarian cancer from those with benign gynecological conditions. The company aims to improve the diagnostic process and procedures for detecting ovarian cancer and, in this regard, improve quality-of-life outcomes for patients who have been diagnosed with ovarian cancer.
36GF Score

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1-Year Sharpe Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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