Collective Mining Downside Variance
| CNL Stock | | | 18.00 0.00 0.00% |
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 Collective Mining's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
Collective Mining's Downside Variance of 21.2 reflects elevated price variability. This places Collective Mining toward the higher end of the volatility range for Diversified Metals & Mining.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 21.2 | |
| 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
Collective Mining's Downside Variance of 21.2 falls below the 27.3 peer average. Values range from 3.86 (Ecovyst) to 73.22 (Northern Dynasty Minerals), with wide dispersion across the group. Collective Mining 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 Collective Mining 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.
The Maximum Drawdown-to-Downside Variance ratio for Collective Mining sits near
1.05 , with Downside Variance at
21.20 and Maximum Drawdown at
22.23 . The two measures are closely aligned in magnitude for Collective Mining.
Methodology, Assumptions & Data Sources
Collective Mining's Downside Variance currently stands at 21.2. This Downside Variance reading for Collective Mining results from applying the indicator's calculation rules to price and volume data over the selected window. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Collective Mining operates in the basic materials 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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