Ecora Resources Downside Variance
| ECOR Stock | | | 2.29 -0.07 -2.97% |
The Downside Variance reading for Ecora Resources plc is computed from historical trading observations. Values reflect historical observations within the available dataset. Normalization methods and data feeds may affect reported values. Broader indicator relationships are reflected within
Equity Screeners. Ecora Resources has a market cap of 588.71 M, operating margin of 23.52%, ROE of -6.76%.
Investing Opportunities can help frame allocation decisions. The overview captures current portfolio composition. The data reflects holdings as of the most recent update. The information is presented without directional commentary. A position in Ecora Resources plc is indicated here. This is part of the broader portfolio composition. 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.
Ecora Resources plc has current Downside Variance of 10.43. 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) |
| = | 10.43 | |
| 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
Ecora Resources plc lands at
#5 in downside variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
2.88 in Maximum Drawdown for each unit of Downside Variance. The spread between Maximum Drawdown and Downside Variance for Ecora Resources plc sits at
2.88 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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