KraneShares Artificial Downside Deviation
| AGIX ETF | | | 43.11 -0.38 -0.87% |
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. Below is KraneShares Artificial's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
The current Downside Deviation of 1.88 places KraneShares Artificial at moderate price variability. This places KraneShares Artificial within the typical volatility range for ETF.
Downside Deviation | = | SQRT(DV) |
| = | 1.88 | |
Downside Deviation Peers Comparison
The peer group averages 1.69 for Downside Deviation, with KraneShares Artificial at 1.88 falling above that level. Readings span 0.593 (Franklin Income Equity) to 4.08 (Global X Gold). KraneShares Artificial has exhibited greater price dispersion than the peer average over the measured period.
Downside Deviation Relative To Other Indicators
The chart below plots Downside Deviation against Maximum Drawdown for KraneShares Artificial and its peers. Each point represents one equity — position along the horizontal axis shows Downside Deviation while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
KraneShares Artificial's Maximum Drawdown of
8.82 runs about
4.70 times its Downside Deviation of
1.88 . This indicates Maximum Drawdown is significantly higher than Downside Deviation for KraneShares Artificial.
Methodology, Assumptions & Data Sources
KraneShares Artificial's Downside Deviation currently stands at 1.88. This Downside Deviation reading for KraneShares Artificial results from applying the indicator's calculation rules to price and volume data over the selected window. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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