ALPS Equal Downside Variance
| EQL Etf | | | USD 47.97 -0.71 -1.46% |
This technical indicator view for Downside Variance organizes signals for ALPS Equal Sector and comparable instruments. Coverage depends on data availability and normalization;
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Investing Opportunities to understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. This suggests a position in ALPS Equal Sector in the portfolio view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in producer price index.
ALPS Equal Sector has current Downside Variance of 0.4124. 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) |
| = | 0.4124 | |
| 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 |
ALPS Equal Downside Variance Peers Comparison
ALPS Downside Variance Relative To Other Indicators
ALPS Equal Sector is rated
below average. in downside variance as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
6.31 of Maximum Drawdown per Downside Variance. The ratio of Maximum Drawdown to Downside Variance for ALPS Equal Sector is roughly
6.31 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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