First Asset Expected Short fall
| QXM ETF | | | CAD 37.48 -0.18 -0.48% |
Observed values used in the Expected Short fall indicator for First Asset Morningstar are included in this dataset. The information is based on observed market data across timeframes. Review
Your Equity Center for context on portfolio diversification. Allocation structure reflects how positions are distributed across the portfolio. Portfolio analysis tools can evaluate how First Asset Morningstar fits within a broader allocation. Performance attribution breaks down contribution by individual holding. Broader economic conditions can influence First Asset Morningstar's ETF valuation — related indicators include
signals in state.
First Asset Morningstar has current Expected Short fall of 0. Expected shortfall (or ES) is a risk measure that evaluates the market risk of an equity instrument. It is an alternative to value at risk that is more sensitive to the shape of the loss distribution in the tail of the distribution. The expected shortfall at a particular level is the expected return on the portfolio in the worst percent of the cases. Expected shortfall is also called conditional value at risk (CVaR), average value at risk (AVaR), and expected tail loss (ETL).
Expected Shortfall | = | Conditional VAR |
| = | 0 | |
Expected Short fall Peers Comparison
Expected Short fall Relative To Other Indicators
First Asset Morningstar lands at
#4 in expected short fall against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs .
ES evaluates the value (or risk) of an investment in a conservative way, focusing on the less profitable outcomes. For high values of it ignores the most profitable but unlikely possibilities, for small values of it focuses on the worst losses. On the other hand, unlike the discounted maximum loss even for lower values of expected shortfall does not consider only the single most catastrophic outcome. Expected shortfall is a coherent, and moreover a spectral, measure of financial portfolio risk.
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