Ceragon Networks Downside Variance
| CRNT Stock | | | USD 2.65 -0.13 -4.68% |
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 Ceragon Networks's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
Ceragon Networks's Downside Variance of 7.98 reflects elevated price variability. This places Ceragon Networks toward the higher end of the volatility range for Stock.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 7.98 | |
| 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
Ceragon Networks's Downside Variance of 7.98 falls below the 16.5 peer average. Values range from 0.1611 (ON24 Inc) to 29.09 (Methode Electronics), with wide dispersion across the group. Ceragon Networks 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 Ceragon Networks 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.
Comparing Downside Variance (
7.98 ) to Maximum Drawdown (
11.92 ) for Ceragon Networks yields a
1.49 multiple. This indicates Maximum Drawdown moderately exceeds Downside Variance for Ceragon Networks.
Methodology, Assumptions & Data Sources
Ceragon Networks' Downside Variance currently stands at 7.98. The Downside Variance for Ceragon Networks applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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