YieldMax Target Downside Variance
| RNTY Etf | | | 48.45 -1.13 -2.28% |
Observed values used in the Downside Variance indicator for YieldMax Target 12 are included in this dataset. The information is based on observed market data across timeframes. For portfolio construction context, review
Your Equity Center. Diversification context helps frame allocation across holdings. The construction of a diversified portfolio involves managing position exposure. The data shown is informational and should not be interpreted as guidance. The allocation includes a position in YieldMax Target 12. The position falls within the allocation view. The sizing of each position reflects the overall allocation strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in population.
YieldMax Target 12 has current Downside Variance of 0.6039. 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) |
| = | 0.6039 | |
| 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
YieldMax Target 12 is rated
fourth in downside variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
4.81 of Maximum Drawdown per Downside Variance. At
4.81 , YieldMax Target 12's Maximum Drawdown-to-Downside Variance multiple reflects the spread between these metrics
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 YieldMax Target to Peers
Other Technical Indicators