Source Energy Downside Deviation
| SHLE Stock | | | CAD 16.04 -0.45 -2.73% |
The Downside Deviation reading for Source Energy Services is computed from historical trading observations. Indicator reliability depends on the continuity of available trading data. Source Energy has a market cap of 210.69 M, operating margin of 2.99%, ROE of 16.59%.
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Source Energy Services has current Downside Deviation of 3.07. 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) |
| = | 3.07 | |
Downside Deviation Peers Comparison
Downside Deviation Relative To Other Indicators
Source Energy Services is rated
below average in downside deviation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
4.13 in Maximum Drawdown for each unit of Downside Deviation. The spread between Maximum Drawdown and Downside Deviation for Source Energy Services sits at
4.13 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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