Largo Resources Downside Variance
| LGO Stock | | | CAD 1.56 -0.09 -5.45% |
The Downside Variance signal for Largo Resources reflects patterns observed in trading data. Comparable indicator datasets are structured within
Equity Screeners. Largo Resources has a market cap of 130.53 M, operating margin of -7.33%, ROE of -38.41%. Review
Correlation Analysis for a broader allocation view. The allocation includes a position in Largo Resources. The sizing of each position reflects the overall allocation strategy. 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.
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Largo Resources has current Downside Variance of 34.77. 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) |
| = | 34.77 | |
| 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
Largo Resources takes the leading position in downside variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.11 in Maximum Drawdown for each unit of Downside Variance. The spread between Maximum Drawdown and Downside Variance for Largo Resources sits at
1.11 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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