Northeast Bancorp Downside Variance
| NBN Stock | | | USD 127.99 1.37 1.08% |
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 Northeast Bancorp's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
A Downside Variance of 3.42 for Northeast Bancorp signals moderate price variability. This places Northeast Bancorp within the typical volatility range for Stock.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 3.42 | |
| 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
The peer group averages 3.19 for Downside Variance, with Northeast Bancorp at 3.42 falling above that level. Readings span 2.56 (Central Pacific Financial) to 3.52 (Amalgamated Bank). Northeast Bancorp 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 Northeast Bancorp 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.
Northeast Bancorp shows nearly
2.51 of Maximum Drawdown per unit of Downside Variance (
3.42 versus
8.58 ). This indicates Maximum Drawdown is significantly higher than Downside Variance for Northeast Bancorp.
Methodology, Assumptions & Data Sources
Northeast Bancorp has a current Downside Variance reading of 3.42. This Downside Variance reading for Northeast Bancorp results from applying the indicator's calculation rules to price and volume data over the selected window. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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