Avanos Medical Downside Variance
| AVNS Stock | | | USD 24.80 0.03 0.12% |
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. Below is Avanos Medical's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
A Downside Variance of 7.29 for Avanos Medical signals elevated price variability. This places Avanos Medical toward the higher end of the volatility range for Health Care Equipment & Supplies.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 7.29 | |
| 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
The peer group averages 19.02 for Downside Variance, with Avanos Medical at 7.29 falling below that level. Readings span 5.78 (CeriBell) to 42.35 (Clearpoint Neuro). Avanos Medical has exhibited less price dispersion than the peer average over the measured period.
Downside Variance Relative To Other Indicators
The chart below plots Downside Variance against Maximum Drawdown for Avanos Medical and its peers. Each point represents one equity — position along the horizontal axis shows Downside Variance 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.
Comparing Downside Variance (
7.29 ) to Maximum Drawdown (
69.75 ) for Avanos Medical yields a
9.57 multiple. This indicates Maximum Drawdown substantially exceeds Downside Variance for Avanos Medical.
Methodology, Assumptions & Data Sources
Avanos Medical's Downside Variance currently stands at 7.29. The Downside Variance for Avanos Medical is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Avanos Medical operates in the health care sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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