Materials Select Value At Risk
| XLB Etf | | | USD 49.19 -0.49 -0.99% |
The Value At Risk technical lookup provides context for Materials Select Sector and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. Materials Select has a market cap of 5.95 B. Review
Your Current Watchlist for broader portfolio context. This reflects a position in Materials Select Sector in the portfolio view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Materials Select Sector has current Value At Risk of
-1.91. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -1.91 | |
| ER[a] | = | Expected return on investing in Materials Select |
| STD | = | Standard Deviation of Materials Select |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Materials Select Value At Risk Peers Comparison
Materials Value At Risk Relative To Other Indicators
Materials Select Sector is rated
below average in value at risk compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
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