Centene Corp Downside Variance
| CNC Stock | | | USD 55.96 0.98 1.78% |
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 Centene Corp's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
A Downside Variance of 14.48 for Centene Corp signals elevated price variability. This places Centene Corp toward the higher end of the volatility range for Health Care Providers & Services.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 14.48 | |
| 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 3.97 for Downside Variance, with Centene Corp at 14.48 falling above that level. Readings span 0.0178 (Hologic) to 8.59 (Illumina). Centene Corp has exhibited greater 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 Centene Corp 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.
With Downside Variance at
14.48 and Maximum Drawdown at
20.52 , Centene Corp shows a
1.42 -to-one ratio between these indicators. This indicates Maximum Drawdown moderately exceeds Downside Variance for Centene Corp.
Methodology, Assumptions & Data Sources
The current Downside Variance for Centene Corp is 14.48. Centene Corp's Downside Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Centene Corp operates in the health care sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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