Adex Mining Downside Variance
| ADXDF Pink Sheet | | | USD 0.15 0.01 7.14% |
This module presents the Downside Variance indicator for Adex Mining using available market inputs. The underlying data comes from exchange-reported trading records. Adex Mining has a market cap of 4.74 M, current ratio of 0.76. Portfolio-level context is available through
Trending Equities. Tracking Adex Mining in a portfolio helps measure its contribution to overall performance. Position weights are derived from the selected portfolio construction methodology. Broader economic conditions can influence Adex Mining's company valuation — related indicators include
signals in discontinued.
Adex Mining has current Downside Variance of 3314.84. Downside Variance (or DV) is measured by target semi-variance and is termed downside volatility. It is expressed in percentages and therefore allows for rankings in the same way as variance. One way to view downside volatility is the annualized variance of returns below the target.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 3314.84 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N(ER) | = | Number of points with returns less than expected return for the period |
Downside Variance Peers Comparison
Downside Variance Relative To Other Indicators
Adex Mining holds the top spot in downside variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
0.56 Maximum Drawdown per unit of Downside Variance. Adex Mining carries a
1.80 x Downside Variance-to-Maximum Drawdown ratio
Downside Variance is the probability-weighted squared below-target returns. The squaring of the below-target returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of individual decision-making under.
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