Performance Metrics Purpose Evaluate investment performance on a risk-adjusted basis using industry-standard ratios and capture analysis. This skill covers the Sharpe, Sortino, Information, Treynor, and Calmar ratios, the Omega ratio, upside/downside capture ratios, and M-squared. These metrics allow fair comparison across strategies with different risk profiles. Layer 1a — Realized Risk & Performance Direction Retrospective When to Use - Evaluating how well an investment or strategy performed relative to the risk it took - Comparing managers, funds, or strategies on a risk-adjusted basis - C…