E L Downside Variance
| ELF Stock | | | CAD 15.85 0.09 0.57% |
The Downside Variance signal for E L Financial Corp reflects patterns observed in trading data. All inputs are based on actual trading observations from supported exchanges. E L has a market cap of 5.49 B, operating margin of 45.46%, current ratio of 0.49. Use
Investing Opportunities to explore allocation context. E L Financial Corp can be included in a portfolio to evaluate diversification impact. Diversification analysis reveals overlap and concentration across holdings. Broader economic conditions can influence E L Financial Corp's company valuation — related indicators include
signals in inflation.
E L Financial Corp has current Downside Variance of 1.22. 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) |
| = | 1.22 | |
| 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
E L Financial Corp lands at
#5 in downside variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
5.70 in Maximum Drawdown for each unit of Downside Variance. The spread between Maximum Drawdown and Downside Variance for E L Financial Corp sits at
5.70 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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