> ## Documentation Index
> Fetch the complete documentation index at: https://docs.activeviam.com/llms.txt
> Use this file to discover all available pages before exploring further.

# DRC sec non-CTP wts ratio

<Badge color="gray" size="lg">[drc\_sa](../tags/drc-sa)</Badge>

|                 |                                                                                                                                             |
| --------------- | ------------------------------------------------------------------------------------------------------------------------------------------- |
| **Description** | The hedge benefit ratio, or Weighted to Short ratio                                                                                         |
| **Variations**  | [netted](./netted), [reported](./reported)                                                                                                  |
| **Reference**   | [\[MAR22.33\]](https://www.bis.org/basel_framework/chapter/MAR/22.htm?inforce=20230101\&published=20200327#paragraph_MAR_22_20230101_22_33) |
| **Notation**    | $HBR$                                                                                                                                       |
| **Formula**     | $\displaystyle HBR = \frac{\sum netJtD_{long}}{\sum netJtD_{long} + \sum \|netJtD_{short}\|}$                                               |