First Quantum Semi Variance
| FM Stock | | | CAD 32.84 -0.15 -0.45% |
Observed values used to calculate the Semi Variance technical indicator for First Quantum Minerals. Indicator values reflect available price and volume data where applicable.
First Quantum Minerals has current Semi Variance of 15.08. Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 15.08 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual return deviation over selected period |
| N(ZERO) | = | Number of points with returns less than zero |
Semi Variance Peers Comparison
Semi Variance Relative To Other Indicators
First Quantum Minerals is rated
below average in semi variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
0.98 in Maximum Drawdown for each unit of Semi Variance. The spread between Semi Variance and Maximum Drawdown for First Quantum Minerals sits at
1.02 Semi-variance is the square of semi-deviation. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
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