Direxion Daily Downside Variance
| LABU Etf | | | USD 142.74 -7.27 -4.85% |
The Downside Variance reading for Direxion Daily SAMPP is computed from historical trading observations. Values reflect historical observations within the available dataset. Normalization methods and data feeds may affect reported values. Broader indicator relationships are reflected within
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Correlation Analysis to explore diversified allocation structure. Allocation context can improve visibility into portfolio balance. A position in Direxion Daily SAMPP is indicated here. This is part of the broader portfolio composition. Position allocation is driven by the portfolio construction model. The information is analytical in nature and is not intended as a specific recommendation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Direxion Daily SAMPP 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
Direxion Daily SAMPP is rated
below average in downside variance across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category .
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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