Ennis Downside Variance
| EBF Stock | | | USD 20.76 0.41 2.01% |
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 Ennis's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
The current Downside Variance of 3.74 places Ennis at moderate price variability. This places Ennis within the typical volatility range for Stock.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 3.74 | |
| 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
Relative to peers, Ennis's Downside Variance is below the group average of 9.59. Peer readings range from 4.47 (Safe Bulkers) to 14.42 (Euroseas), reflecting wide dispersion across the sector. Ennis 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 Ennis 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.
Ennis records a Downside Variance of
3.74 and a Maximum Drawdown of
12.13 , yielding roughly
3.24 units of Maximum Drawdown per Downside Variance. This indicates Maximum Drawdown is significantly higher than Downside Variance for Ennis.
Methodology, Assumptions & Data Sources
The current Downside Variance for Ennis is 3.74. Downside Variance for Ennis is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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