North American Downside Variance
| NOA Stock | | | CAD 22.48 -0.64 -2.77% |
North American downside variance lookup summarizes this and related technical indicators for North American Construction. Coverage varies by data normalization and availability; see
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North American Construction has current Downside Variance of 3.31. 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) |
| = | 3.31 | |
| 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 |
North American Downside Variance Peers Comparison
North Downside Variance Relative To Other Indicators
North American Construction is rated
below average. in downside variance category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
2.74 of Maximum Drawdown per Downside Variance. The ratio of Maximum Drawdown to Downside Variance for North American Construction is roughly
2.74 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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