ProShares UltraShort Downside Variance
| YCS Etf | | | USD 53.24 1.07 2.05% |
The Downside Variance calculation for ProShares UltraShort draws on price and volume history. Related screening structures are referenced through
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Your Current Watchlist to understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. The holding in ProShares UltraShort Yen represents an allocation. This is situated within the portfolio mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in discontinued.
ProShares UltraShort Yen has current Downside Variance of 2.32. 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) |
| = | 2.32 | |
| 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
ProShares UltraShort Yen earns the top ranking in downside variance across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
2.25 of Maximum Drawdown per Downside Variance. For ProShares UltraShort Yen, Maximum Drawdown stands at
2.25 times Downside Variance
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.
Compare ProShares UltraShort to Peers
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