LightPath Technologies Downside Variance
| LPTH Stock | | | USD 11.49 -0.18 -1.54% |
Observed values used to calculate the Downside Variance technical indicator for LightPath Technologies. Coverage may vary depending on data feeds and normalization methods.
LightPath Technologies has current Downside Variance of 43.49. 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) |
| = | 43.49 | |
| 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
LightPath Technologies places
second for downside variance among direct rivals. It is currently under evaluation for maximum drawdown among direct rivals recording roughly
0.77 in Maximum Drawdown for every unit of Downside Variance. Downside Variance outpaces Maximum Drawdown by
1.31 times for LightPath Technologies
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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