Boralex Standard Deviation
| BLX Stock | | | CAD 36.79 0.02 0.05% |
The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities. Below is Boralex's current Standard Deviation with peer comparisons and related risk metrics.
Current Standard Deviation Value
Boralex's Standard Deviation of 2.24 reflects moderate price variability. This places Boralex within the typical volatility range for Stock.
Standard Deviation | = | SQRT(V) |
| = | 2.24 | |
Standard Deviation Peers Comparison
Boralex falls below the 2.54 peer average for Standard Deviation. Greenbriar Capital Corp leads at 5.9 while Polaris Infrastructure registers the lowest at 1.05. Boralex has exhibited less price dispersion than the peer average over the measured period.
Standard Deviation Relative To Other Indicators
The chart below plots Standard Deviation against Maximum Drawdown for Boralex and its peers. Each point represents one equity — position along the horizontal axis shows Standard 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.
Boralex shows nearly
5.08 of Maximum Drawdown per unit of Standard Deviation (
2.24 versus
11.35 ). This indicates Maximum Drawdown substantially exceeds Standard Deviation for Boralex.
Methodology, Assumptions & Data Sources
Boralex's Standard Deviation currently stands at 2.24. Standard Deviation for Boralex 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. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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