BMO Short Downside Deviation
| ZFS Etf | | | CAD 13.87 -0.03 -0.22% |
Observed values used in the Downside Deviation indicator for BMO Short Federal are included in this dataset. The information is based on observed market data across timeframes. Data coverage may vary across sources and reporting intervals. For portfolio construction context, review
Your Current Watchlist. Diversification context helps frame allocation across holdings. The construction of a diversified portfolio involves managing position exposure. The information is presented without directional commentary. This suggests a position in BMO Short Federal. This appears in the portfolio view. Position weights are derived from the portfolio construction methodology. All values are presented as reference data. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
BMO Short Federal has current Downside Deviation of 0.1653. 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) |
| = | 0.1653 | |
Downside Deviation Peers Comparison
Downside Deviation Relative To Other Indicators
BMO Short Federal lands at
#4 in downside deviation against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
3.05 in Maximum Drawdown for each unit of Downside Deviation. The spread between Maximum Drawdown and Downside Deviation for BMO Short Federal sits at
3.05 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.
Compare BMO Short to Peers
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