BMO Growth Downside Variance
| ZGRO Etf | | | CAD 17.40 -0.05 -0.29% |
This dataset for BMO Growth ETF reflects inputs used in the Downside Variance calculation. Values are derived from historical price and volume observations. Review
Your Current Watchlist to understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. The allocation includes a position in BMO Growth ETF. It is distributed across the allocation. The weighting is determined by the allocation framework in use. All values are based on available data and provided as reference information. 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 Growth ETF has current Downside Variance of 0.5371. 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) |
| = | 0.5371 | |
| 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
BMO Growth ETF is rated
below average in downside variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
7.11 in Maximum Drawdown for each unit of Downside Variance. The spread between Maximum Drawdown and Downside Variance for BMO Growth ETF sits at
7.11 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 BMO Growth to Peers
Other Technical Indicators