CNO Financial Downside Variance
| CNO Stock | | | USD 46.02 0.12 0.26% |
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 CNO Financial's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
At 3.06, CNO Financial exhibits moderate price variability in Downside Variance. This places CNO Financial within the typical volatility range for Life & Health Insurance.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 3.06 | |
| 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
CNO Financial falls below the 5.8 peer average for Downside Variance. FG Annuities Life leads at 14.42 while Golub Capital BDC registers the lowest at 2.73. CNO Financial 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 CNO Financial 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.
CNO Financial shows nearly
3.28 of Maximum Drawdown per unit of Downside Variance (
3.06 versus
10.01 ). This indicates Maximum Drawdown is significantly higher than Downside Variance for CNO Financial.
Methodology, Assumptions & Data Sources
CNO Financial's Downside Variance currently stands at 3.06. CNO Financial'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. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. CNO Financial operates in the financial services sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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