Clearway Energy Downside Variance
| CWEN Stock | | | USD 38.16 0.02 0.05% |
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 Clearway Energy's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
Clearway Energy's Downside Variance of 5.64 reflects elevated price variability. This places Clearway Energy toward the higher end of the volatility range for Independent Power and Renewable Electricity Producers.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 5.64 | |
| 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
Clearway Energy's Downside Variance of 5.64 falls above the 2.68 peer average. Values range from 0.0853 (TXNM Energy) to 8.05 (Energy of Minas), with wide dispersion across the group. Clearway Energy has exhibited greater 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 Clearway Energy 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.
Clearway Energy shows nearly
1.77 of Maximum Drawdown per unit of Downside Variance (
5.64 versus
9.97 ). This indicates Maximum Drawdown moderately exceeds Downside Variance for Clearway Energy.
Methodology, Assumptions & Data Sources
Clearway Energy's Downside Variance currently stands at 5.64. This Downside Variance reading for Clearway Energy results from applying the indicator's calculation rules to price and volume data over the selected window. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Clearway Energy operates in the utilities 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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