Northland Power Downside Deviation
| NPI Stock | | | CAD 21.76 0.34 1.59% |
Northland Power downside deviation lookup summarizes this and related technical indicators for Northland Power. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Northland Power has a market cap of 5.6 B, operating margin of 40.14%, ROE of -2.41%. Review
Correlation Analysis for broader portfolio context. This suggests a position in Northland Power within the allocation view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Northland Power has current Downside Deviation of 1.18. Downside Deviation (or DD) is measured by target semi-deviation (the square root of target semi-variance) and is termed downside risk. It is expressed in percentages and therefore allows for rankings in the same way as standard deviation. An intuitive way to view the downside risk is the annualized standard deviation of returns below the target.
Downside Deviation | = | SQRT(DV) |
| = | 1.18 | |
Northland Power Downside Deviation Peers Comparison
Northland Downside Deviation Relative To Other Indicators
Northland Power is rated
below average in downside deviation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
8.04 in Maximum Drawdown for each unit of Downside Deviation.
It is the square root of 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 most private investors.
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