Bird Construction Downside Variance
| BDT Stock | | | CAD 35.14 0.33 0.95% |
The Downside Variance indicator for Bird Construction is constructed from normalized market data. Values reflect historical observations within the available dataset. Bird Construction has a market cap of 1.95 B, operating margin of -3.08%, ROE of 11.0%. For allocation context, review
Trending Equities. This reflects a position in Bird Construction. It is distributed across the allocation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Bird Construction has current Downside Variance of 3.91. 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) |
| = | 3.91 | |
| 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
Bird Construction lands at
#3 in downside variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
2.26 in Maximum Drawdown for each unit of Downside Variance. The spread between Maximum Drawdown and Downside Variance for Bird Construction sits at
2.26 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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