Hydaway Digital (TSXV:HIDE) 1-Year Sharpe Ratio: 0.61 (As of Aug. 17, 2026)

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TSXV:HIDE Hydaway Digital Corp TSXV:HIDE
17 GF Score
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What is Hydaway Digital 1-Year Sharpe Ratio?

Hydaway Digital TSXV:HIDE +4.76% 17 1-Year Sharpe Ratio is 0.61 as of Aug. 17, 2026. GuruFocus rates TSXV:HIDE with a GF Score™ of 17/100.

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 (2026-08-17), Hydaway Digital's 1-Year Sharpe Ratio is 0.61.

Hydaway Digital  (TSXV:HIDE) 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.

Hydaway Digital 1-Year Sharpe Ratio Related Terms

TSXV:HIDE vs QH, SHOP, UBER: 1-Year Sharpe Ratio Comparison

For the Software - Application subindustry, Hydaway Digital'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.

Hydaway Digital 1-Year Sharpe Ratio vs Software Industry

For the Software industry and Technology sector, Hydaway Digital's 1-Year Sharpe Ratio distribution charts can be found below:

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


TSXV:HIDE
17GF Score
Hydaway Digital Corp TSXV:HIDE
1-Year Sharpe Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hydaway Digital 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 0.61 mean?
Hydaway Digital (TSXV:HIDE) has a 1-Year Sharpe Ratio of 0.61 as of Aug. 17, 2026. 1-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk. View historical data for Hydaway Digital and its competitors.
Is Hydaway Digital's 1-Year Sharpe Ratio too high?
Hydaway Digital's current 1-Year Sharpe Ratio is 0.61. Overall, Hydaway Digital has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Hydaway Digital's 1-Year Sharpe Ratio compare to QH and SHOP?
Hydaway Digital's 1-Year Sharpe Ratio of 0.61 can be compared against companies in the Software 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 Software company?
A good 1-Year Sharpe Ratio depends on the Software 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 Hydaway Digital and its competitors. Hydaway Digital's current 1-Year Sharpe Ratio is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hydaway Digital stock overvalued right now?
Hydaway Digital (TSXV:HIDE) has a current 1-Year Sharpe Ratio of 0.61. The current 1-Year Sharpe Ratio is 0.61. Hydaway Digital's overall GF Score™ is 17/100. 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 Hydaway Digital (TSXV:HIDE), the current 1-Year Sharpe Ratio is 0.61 as of Aug. 17, 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.

Hydaway Digital Business Description

Other Exchanges C88:Germany
Address 208A 980 West 1st Street, North Vancouver, BC, CAN, V7P 3N4
Hydaway Digital Corp is a computer rendering service provider located in Kelowna, British Columbia. Computer rendering is the process of generating an image or animation using a computer program, often referred to as a rendering engine, which involves using mathematical calculations and algorithms to create digital models or objects, scenes, and environments that can be manipulated and viewed from different angles and perspectives. Lighting, materials, textures and other techniques are used in computer rendering to make the images and animations look realistic and visually appealing.
17GF 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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