ALPS ETF Downside Variance
| OUSA Etf | | | USD 57.75 -0.01 -0.02% |
The Downside Variance lookup presents technical context for ALPS ETF Trust and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. ALPS ETF has P/E of 19.67.
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ALPS ETF Trust has current Downside Variance of 0.3072. 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) |
| = | 0.3072 | |
| 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 ETF Downside Variance Peers Comparison
ALPS Downside Variance Relative To Other Indicators
ALPS ETF Trust 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
7.88 of Maximum Drawdown per Downside Variance. The ratio of Maximum Drawdown to Downside Variance for ALPS ETF Trust is roughly
7.88 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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