SavvyShort TSLA Downside Variance
| TSLD Etf | | | 11.14 -0.16 -1.42% |
This technical indicator view for Downside Variance organizes signals for SavvyShort TSLA ETF and comparable instruments. Data availability can vary by region and feed;
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SavvyShort TSLA ETF has current Downside Variance of 24.17. 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) |
| = | 24.17 | |
| 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 |
SavvyShort TSLA Downside Variance Peers Comparison
SavvyShort Downside Variance Relative To Other Indicators
SavvyShort TSLA ETF is evaluated as
third in Downside Variance in downside variance as compared to similar ETFs. It is rated
below average. in maximum drawdown as compared to similar ETFs reporting about
0.82 of Maximum Drawdown per Downside Variance. The ratio of Downside Variance to Maximum Drawdown for SavvyShort TSLA ETF is roughly
1.22 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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