Cenovus Energy Downside Deviation
| CVE Stock | | | USD 26.29 -0.16 -0.60% |
Downside Deviation (or DD) is measured by target semi-deviation (the square root of target semi-variance) and is termed downside risk. It is expressed in percentages and therefore allows for rankings in the same way as standard deviation. An intuitive way to view the downside risk is the annualized standard deviation of returns below the target. Below is Cenovus Energy's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
With Downside Deviation at 2.26, Cenovus Energy shows moderate price variability. This places Cenovus Energy within the typical volatility range for Oil, Gas & Consumable Fuels.
Downside Deviation | = | SQRT(DV) |
| = | 2.26 | |
Downside Deviation Peers Comparison
The peer group averages 1.71 for Downside Deviation, with Cenovus Energy at 2.26 falling above that level. Readings span 1.0 (Pembina Pipeline Corp) to 2.16 (Woodside Energy Group). Cenovus Energy has exhibited greater price dispersion than the peer average over the measured period.
Downside Deviation Relative To Other Indicators
The chart below plots Downside Deviation against Maximum Drawdown for Cenovus Energy and its peers. Each point represents one equity — position along the horizontal axis shows Downside Deviation 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 Deviation at
2.26 and Maximum Drawdown at
10.04 , Cenovus Energy shows a
4.44 -to-one ratio between these indicators. This indicates Maximum Drawdown is significantly higher than Downside Deviation for Cenovus Energy.
Methodology, Assumptions & Data Sources
The current Downside Deviation for Cenovus Energy is 2.26. Downside Deviation for Cenovus Energy is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Cenovus Energy operates in the energy sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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