Purpose International Downside Variance
| PID Etf | | | CAD 30.76 0.49 1.62% |
This module presents the Downside Variance indicator for Purpose International Dividend using available market inputs. The indicator computation uses normalized market activity data. For portfolio construction context, review
Your Equity Center. Diversification context helps frame allocation across holdings. Portfolio tools allow users to monitor Purpose International Dividend alongside other positions. All values are presented as reference data. Broader economic conditions can influence Purpose International Dividend's etf valuation — related indicators include
signals in inflation.
Purpose International Dividend has current Downside Variance of 1.81. 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) |
| = | 1.81 | |
| 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
Purpose International Dividend lands at
#2 in downside variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
3.14 in Maximum Drawdown for each unit of Downside Variance. The spread between Maximum Drawdown and Downside Variance for Purpose International Dividend sits at
3.14 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.
Compare Purpose International to Peers
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