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The 3-Year Sortino Ratio measures the additional return that an investor receives per unit of the downside risk over the past three years. As of today (2026-09-22), Patria Malls Fundo de Investimento Imobiliario Responsabilidade's 3-Year Sortino Ratio is -1.08.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) 3-Year Sortino Ratio Explanation
The 3-Year Sortino Ratio inidicates the risk-adjusted return of an investment over the past three year. It is calculated as the annualized result of the average three-year monthly excess returns divided by the standard deviation of negative returns in the three-year period. 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.
Differnt from the Sharpe Ratio that penalizes both upside and downside volatility equally, the Sortino Ratio penalizes only those returns falling below a user-specified target or required rate of return. The expected returns here is set to the risk-free rate as well.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade 3-Year Sortino Ratio Related Terms
BSP:PMLL11 vs SPG, O, KIM: 3-Year Sortino Ratio Comparison
* 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.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade 3-Year Sortino Ratio vs REITs Industry
Patria Malls Fundo de Investimento Imobiliario Responsabilidade 3-Year Sortino Ratio Calculation
The 3-Year Sortino Ratio measures the risk-adjusted return of an investment asset or portfolio in the last three year, focusing specifically on downside risk rather than total risk. A stock / portfolio's 3-Year Sortino Ratio can be calculated by dividing the difference between the three-year average monthly returns of the investment and the risk-free rate, by the standard deviation of the downside risks over the past three year.
A downside risk is a potential loss from the asset or investment. The Downside risk here is measured by the downside deviation, which is the standard deviation of negative returns.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) has a 3-Year Sortino Ratio of -1.08 as of Sep. 22, 2026. 3-Year Sortino Ratio measures the additional return that an investor receives per unit of the downside risk over the past three years. View historical data for Patria Malls Fundo de Investimento Imobiliario Responsabilidade and its competitors.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade's 3-Year Sortino Ratio too high?
Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current 3-Year Sortino Ratio is -1.08. Overall, Patria Malls Fundo de Investimento Imobiliario Responsabilidade has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Patria Malls Fundo de Investimento Imobiliario Responsabilidade's 3-Year Sortino Ratio compare to SPG and O?
Patria Malls Fundo de Investimento Imobiliario Responsabilidade's 3-Year Sortino Ratio of -1.08 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Sortino Ratio for a REITs company?
A good 3-Year Sortino Ratio depends on the REITs industry context. However, 3-Year Sortino 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 3-Year Sortino Ratio mean?
A high 3-Year Sortino Ratio can signal that a stock is expensive relative to its fundamentals. 3-Year Sortino Ratio measures the additional return that an investor receives per unit of the downside risk over the past three years. View historical data for Patria Malls Fundo de Investimento Imobiliario Responsabilidade and its competitors. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current 3-Year Sortino Ratio is -1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade stock overvalued right now?
Based on GuruFocus' analysis, Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$127.35, compared to a current price of R$103.05 — trading 19.1% below its estimated fair value. The current 3-Year Sortino Ratio is -1.08. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Sortino Ratio calculated?
3-Year Sortino Ratio is calculated from a company's financial statements. For Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11), the current 3-Year Sortino Ratio is -1.08 as of Sep. 22, 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.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) Overvalued in 2026?
Based on GuruFocus' analysis, Patria Malls Fundo de Investimento Imobiliario Responsabilidade stock appears to be undervalued.
The current stock price of R$103.05 is trading 19.1% below its estimated GF Value™ of R$127.35.
GuruFocus considers Patria Malls Fundo de Investimento Imobiliario Responsabilidade to be Modestly Undervalued.
Key valuation signals for BSP:PMLL11:
3-Year Sortino Ratio: -1.08
GF Value™: R$127.35 vs. price of R$103.05 (19.1% below fair value)
No single metric tells the full story. See the BSP:PMLL11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Ltda is a Brazilian real estate investment fund focused on shopping centers. Formerly known as Malls Brasil Fundo de Investimento Imobiliario and Malls Brasil Plural Fundo de Investimento Imobiliario, the fund is managed by Patria Investimentos. It invests in income-producing shopping malls and retail real estate assets across Brazil, generating revenue primarily through rental income and property appreciation distributed to quota holders. Its portfolio has included interests in regional shopping centers such as Maceio Shopping. The fund targets Brazilian retail real estate markets and is listed on the B3 exchange under the ticker PMLL11, allowing investors to participate in the country's shopping center sector through a publicly traded real estate fund structure.
79GF Score
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