DB Gold Downside Variance
| DGZ ETF | | | USD 5.16 0.15 2.99% |
The Downside Variance calculation for DB Gold draws on price and volume history. Additional screening context is available through
Equity Screeners. For portfolio construction context, review
Investing Opportunities. The construction of a diversified portfolio involves managing position exposure. Portfolio tools allow users to monitor DB Gold Short alongside other positions. All metrics are derived from available inputs and shown for reference. Broader economic conditions can influence DB Gold Short's ETF valuation — related indicators include
signals in census.
DB Gold Short has current Downside Variance of 0. 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) |
| = | 0 | |
| 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
DB Gold Short is rated
below average in downside variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs .
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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