Methanex Downside Deviation
| MX Stock | | | CAD 82.38 -1.42 -1.69% |
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 Methanex's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
At 4.57, Methanex exhibits elevated price variability in Downside Deviation. This places Methanex toward the higher end of the volatility range for Stock.
Downside Deviation | = | SQRT(DV) |
| = | 4.57 | |
Downside Deviation Peers Comparison
Methanex falls above the 4.12 peer average for Downside Deviation. Seabridge Gold leads at 4.76 while Centerra Gold registers the lowest at 3.74. Methanex 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 Methanex 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.
Methanex shows nearly
4.49 of Maximum Drawdown per unit of Downside Deviation (
4.57 versus
20.50 ). This indicates Maximum Drawdown is significantly higher than Downside Deviation for Methanex.
Methodology, Assumptions & Data Sources
Methanex's Downside Deviation currently stands at 4.57. The Downside Deviation for Methanex is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. 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.
Other Technical Indicators