SavvyShort Shopify Semi Deviation
| SHPD ETF | | | 18.75 0.63 3.48% |
This module presents the Semi Deviation indicator for SavvyShort Shopify ETF using available market inputs. The indicator computation uses normalized market activity data.
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SavvyShort Shopify ETF has current Semi Deviation of 6.13. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.
Semi Deviation | = | SQRT(SV) |
| = | 6.13 | |
Semi Deviation Peers Comparison
Semi Deviation Relative To Other Indicators
SavvyShort Shopify ETF takes the leading position in semi deviation against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
6.07 in Maximum Drawdown for each unit of Semi Deviation. The spread between Maximum Drawdown and Semi Deviation for SavvyShort Shopify ETF sits at
6.07 Semi-deviation is the square root of semi-variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
Compare SavvyShort Shopify to Peers
Other Technical Indicators