Evolve Canadian Downside Deviation
This technical indicator view for Downside Deviation organizes signals for Evolve Canadian Utilities and comparable instruments. Data availability can vary by region and feed;
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Evolve Canadian Utilities has current Downside Deviation of 0.7219. Downside Deviation (or DD) is measured by target semi-deviation (the square root of target semi-variance) and is termed downside risk. It is expressed in percentages and therefore allows for rankings in the same way as standard deviation. An intuitive way to view the downside risk is the annualized standard deviation of returns below the target.
Downside Deviation | = | SQRT(DV) |
| = | 0.7219 | |
Evolve Canadian Downside Deviation Peers Comparison
Evolve Downside Deviation Relative To Other Indicators
Evolve Canadian Utilities lands at
#5 in downside deviation against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
3.78 in Maximum Drawdown for each unit of Downside Deviation. The spread between Maximum Drawdown and Downside Deviation for Evolve Canadian Utilities sits at
3.78 It is the square root of 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 most private investors.
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