Passage Bio Downside Variance
| PASG Stock | | | USD 7.43 0.05 0.68% |
Technical inputs supporting the Downside Variance indicator for Passage Bio are shown here. Values are derived from historical price and volume observations. Availability can differ across markets, exchanges, and instruments. Passage Bio has a market cap of 23.83 M, ROE of -113.78%. For allocation context, review
Your Equity Center. Allocation details are provided as informational context. Allocation context is based on the most recent position data. This view summarizes available data without implying outcomes. This includes a position in Passage Bio. The position sits inside the allocation mix. Portfolio construction methods define how positions are sized. The data shown is informational and should not be interpreted as guidance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
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Passage Bio has current Downside Variance of 0. 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) |
| = | 0 | |
| 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
Passage Bio is rated
below average in downside variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set .
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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