B2Gold Corp Downside Deviation
| BTG Stock | | | USD 4.97 0.02 0.40% |
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 B2Gold Corp's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
B2Gold Corp's Downside Deviation of 4.89 reflects elevated price variability. This places B2Gold Corp toward the higher end of the volatility range for Metals & Mining.
Downside Deviation | = | SQRT(DV) |
| = | 4.89 | |
Downside Deviation Peers Comparison
B2Gold Corp's Downside Deviation of 4.89 falls below the 5.33 peer average. Values range from 5.31 (New Gold) to 5.34 (SSR Mining), with tight clustering across the group. B2Gold Corp 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 B2Gold Corp 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.
B2Gold Corp records a Downside Deviation of
4.89 and a Maximum Drawdown of
18.41 , yielding roughly
3.76 units of Maximum Drawdown per Downside Deviation. This indicates Maximum Drawdown is significantly higher than Downside Deviation for B2Gold Corp.
Methodology, Assumptions & Data Sources
The current Downside Deviation for B2Gold Corp is 4.89. B2Gold Corp's Downside Deviation is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. B2Gold Corp operates in the basic materials sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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