Calian Technologies Downside Variance
| CGY Stock | | | CAD 69.32 -0.15 -0.22% |
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 Calian Technologies's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
A Downside Variance of 4.41 for Calian Technologies signals elevated price variability. This places Calian Technologies toward the higher end of the volatility range for Commercial Services & Supplies.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 4.41 | |
| 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
Calian Technologies's Downside Variance of 4.41 falls below the 5.11 peer average. Values range from 1.57 (K Bro Linen) to 11.04 (Zedcor Energy), with wide dispersion across the group. Calian Technologies 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 Calian Technologies 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.
Calian Technologies shows nearly
2.49 of Maximum Drawdown per unit of Downside Variance (
4.41 versus
10.99 ). This indicates Maximum Drawdown is significantly higher than Downside Variance for Calian Technologies.
Methodology, Assumptions & Data Sources
Calian Technologies' Downside Variance currently stands at 4.41. Calian Technologies' Downside Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Calian Technologies operates in the industrials sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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