AltaGas Downside Deviation
| ALA Stock | | | CAD 51.51 0.74 1.46% |
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. Below is AltaGas's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
AltaGas's Downside Deviation of 1.19 reflects moderate price variability. This places AltaGas within the typical volatility range for Stock.
Downside Deviation | = | SQRT(DV) |
| = | 1.19 | |
Downside Deviation Peers Comparison
Relative to peers, AltaGas's Downside Deviation is below the group average of 1.45. Peer readings range from 0.7621 (Emera Inc) to 2.22 (Capital Power), reflecting wide dispersion across the sector. AltaGas has exhibited less price dispersion than the peer average over the measured period.
Downside Deviation Relative To Other Indicators
The chart below plots Downside Deviation against Maximum Drawdown for AltaGas and its peers. Each point represents one equity — position along the horizontal axis shows Downside Deviation while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
AltaGas shows nearly
5.60 of Maximum Drawdown per unit of Downside Deviation (
1.19 versus
6.68 ). This indicates Maximum Drawdown substantially exceeds Downside Deviation for AltaGas.
Methodology, Assumptions & Data Sources
AltaGas' Downside Deviation currently stands at 1.19. Downside Deviation for AltaGas is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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