TD Q Downside Variance
| TQCD ETF | | | CAD 26.13 -0.30 -1.14% |
The Downside Variance reading for TD Q Canadian is computed from historical trading observations. Broader indicator relationships are reflected within
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World Market Map. All metrics are derived from available inputs and shown for reference. Portfolio tools allow users to monitor TD Q Canadian alongside other positions. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence TD Q Canadian's ETF valuation — related indicators include
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TD Q Canadian has current Downside Variance of 1.02. 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) |
| = | 1.02 | |
| 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
TD Q Canadian lands at
#2 in downside variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
3.68 in Maximum Drawdown for each unit of Downside Variance. The spread between Maximum Drawdown and Downside Variance for TD Q Canadian sits at
3.68 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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