“…In finance, for example, one can calculate the Sharpe ratio, which gives a good estimate of the excess expected return of an investment given its volatility [35]. In stochastic thermodynamics, physicists have recently studied thermodynamic/kinetic uncertainty relations, which give bounds for a type of ratio observable [1,14,52]. In the same field, there are studies of fluctuations of the efficiency, defined as the ratio between the output work and the input heat, of small-scale engines working in an energetically unstable environment [19,47,48,56,57].…”