IShares Copper Downside Variance
Observed values used in the Downside Variance indicator for iShares Copper Miners are included in this dataset. Market data gaps can influence the computed indicator values. Review
Trending Equities to understand diversified portfolio construction. Diversified allocation aims to distribute exposure across multiple positions. iShares Copper Miners can be tracked within a custom portfolio for ongoing monitoring. Portfolio construction methods define how positions are sized relative to each other. Broader economic conditions can influence iShares Copper Miners's etf valuation — related indicators include
signals in inflation.
iShares Copper Miners has current Downside Variance of 9.95. 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.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 9.95 | |
| 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
Downside Variance Relative To Other Indicators
iShares Copper Miners earns the top ranking in downside variance across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
1.25 of Maximum Drawdown per Downside Variance. For iShares Copper Miners, Maximum Drawdown stands at
1.25 times Downside Variance
Downside Variance is 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 individual decision-making under.
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