Republic Bancorp Downside Variance
| RBCAA Stock | | | USD 77.70 0.73 0.95% |
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 Republic Bancorp's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
Republic Bancorp carries a Downside Variance of 2.6, consistent with moderate price variability. This places Republic Bancorp within the typical volatility range for Stock.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 2.6 | |
| 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, Republic Bancorp's Downside Variance is above the group average of 2.15. Peer readings range from 1.49 (Westamerica Bancorporation) to 3.22 (ConnectOne Bancorp), reflecting moderate dispersion across the sector. Republic 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 Republic 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.
Republic Bancorp's Maximum Drawdown of
10.48 runs about
4.04 times its Downside Variance of
2.60 . This indicates Maximum Drawdown is significantly higher than Downside Variance for Republic Bancorp.
Methodology, Assumptions & Data Sources
Republic Bancorp has a current Downside Variance reading of 2.6. The Downside Variance for Republic Bancorp applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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