| NXZ Stock | | | EUR 149.75 2.30 1.51% |
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Nexstar Media Group has current Downside Deviation of 1.67. 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.
Downside Deviation | = | SQRT(DV) |
| = | 1.67 | |
Nexstar Media Downside Deviation Peers Comparison
Nexstar Downside Deviation Relative To Other Indicators
Nexstar Media Group is regarded
second in downside deviation category among its peers. It is regarded
fourth in information ratio category among its peers reporting about
0 of Information Ratio per Downside Deviation. The ratio of Downside Deviation to Information Ratio for Nexstar Media Group is roughly
315.79 It is the square root of the probability-weighted squared below-target returns. The squaring of the below-target returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of most private investors.
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