Six Flags Downside Variance
| FUN Stock | | | USD 16.25 -1.17 -6.72% |
The Downside Variance reading for Six Flags Entertainment is computed from historical trading observations. Indicator reliability depends on the continuity of available trading data. Six Flags has a market cap of 1.65 B, operating margin of 33.13%, ROE of -91.83%. Portfolio-level context is available through
Investing Opportunities. This suggests a position in Six Flags Entertainment. Position weights are derived from the portfolio construction methodology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Six Flags Entertainment has current Downside Variance of 15.01. 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) |
| = | 15.01 | |
| 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
Six Flags Entertainment takes the leading position in downside variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.16 in Maximum Drawdown for each unit of Downside Variance. The spread between Maximum Drawdown and Downside Variance for Six Flags Entertainment sits at
1.16 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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