Fidelity Global Semi Variance
| FCGI Etf | | | CAD 15.77 0.19 1.22% |
Observed values used to calculate the Semi Variance technical indicator for Fidelity Global Monthly. Indicator inputs depend on available historical price observations.
Fidelity Global Monthly has current Semi Variance of 0.0766. Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 0.0766 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual return deviation over selected period |
| N(ZERO) | = | Number of points with returns less than zero |
Semi Variance Peers Comparison
Semi Variance Relative To Other Indicators
Fidelity Global Monthly is rated
below average in semi variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
49.64 in Maximum Drawdown for each unit of Semi Variance. The spread between Maximum Drawdown and Semi Variance for Fidelity Global Monthly sits at
49.64 Semi-variance is the square of semi-deviation. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
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