Covenant Logistics Semi Deviation
| CVLG Stock | | | USD 32.57 -0.02 -0.06% |
Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level. Below is Covenant Logistics's current Semi Deviation with peer comparisons and related risk metrics.
Current Semi Deviation Value
Covenant Logistics carries a Semi Deviation of 2.84, consistent with moderate price variability. This places Covenant Logistics within the typical volatility range for Stock.
Semi Deviation | = | SQRT(SV) |
| = | 2.84 | |
Semi Deviation Peers Comparison
Relative to peers, Covenant Logistics's Semi Deviation is above the group average of 2.06. Peer readings range from 1.31 (Cass Information Systems) to 3.12 (Kforce Inc), reflecting moderate dispersion across the sector. Covenant Logistics has exhibited greater price dispersion than the peer average over the measured period.
Semi Deviation Relative To Other Indicators
The chart below plots Semi Deviation against Maximum Drawdown for Covenant Logistics and its peers. Each point represents one equity — position along the horizontal axis shows Semi 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.
Covenant Logistics records a Semi Deviation of
2.84 and a Maximum Drawdown of
15.47 , yielding roughly
5.45 units of Maximum Drawdown per Semi Deviation. This indicates Maximum Drawdown substantially exceeds Semi Deviation for Covenant Logistics.
Methodology, Assumptions & Data Sources
The current Semi Deviation for Covenant Logistics is 2.84. This Semi Deviation reading for Covenant Logistics 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. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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