Mackenzie Canadian Downside Variance
| QASH Etf | | | 50.12 0.02 0.04% |
Observed values used to calculate the Downside Variance technical indicator for Mackenzie Canadian Ultra. Values may reflect normalized price or volume observations.
Mackenzie Canadian Ultra has current Downside Variance of 7.0E-4. 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) |
| = | 7.0E-4 | |
| 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
Mackenzie Canadian Ultra lands at
#5 in downside variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
171.86 in Maximum Drawdown for each unit of Downside Variance. The spread between Maximum Drawdown and Downside Variance for Mackenzie Canadian Ultra sits at
171.86 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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