Global X Downside Variance
| HMMJ ETF | | | CAD 7.11 -0.12 -1.66% |
The Downside Variance indicator for Global X Marijuana is derived from observed market data. For broader technical screening across instruments, see
Equity Screeners. Portfolio design and allocation context appear in
Risk vs Return Analysis. All values are presented as reference data. Monitoring Global X Marijuana within a portfolio highlights how it interacts with other holdings. Rebalancing tools flag when weights drift from target allocations. Broader economic conditions can influence Global X Marijuana's ETF valuation — related indicators include
signals in state.
Global X Marijuana 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
Global X Marijuana is rated
below average in downside variance against similar ETFs. It is currently under evaluation in maximum drawdown against 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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