Global X Downside Variance
| INOC ETF | | | CAD 17.74 0.31 1.78% |
This module presents the Downside Variance indicator for Global X Inovestor using available market inputs. The
Equity Screeners framework provides wider technical analysis context. Use
Risk vs Return Analysis to better understand diversified portfolio construction. The diversification view provides additional analytical depth. Global X Inovestor can be evaluated within a portfolio framework for weight and risk impact. This view summarizes available data without implying outcomes. Broader economic conditions can influence Global X Inovestor's ETF valuation — related indicators include
signals in state.
Global X Inovestor has current Downside Variance of 0.8002. 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) |
| = | 0.8002 | |
| 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 Inovestor is rated
below average in downside variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
4.82 in Maximum Drawdown for each unit of Downside Variance. The spread between Maximum Drawdown and Downside Variance for Global X Inovestor sits at
4.82 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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