First Trust Semi Deviation
| FDEC ETF | | | USD 53.74 0.20 0.37% |
Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level. Below is First Trust's current Semi Deviation with peer comparisons and related risk metrics.
Current Semi Deviation Value
The Semi Deviation of 0.4589 for First Trust indicates low price variability. This places First Trust at the lower end of the volatility range for ETF.
Semi Deviation | = | SQRT(SV) |
| = | 0.4589 | |
Semi Deviation Peers Comparison
First Trust falls above the 0.0 peer average for Semi Deviation. First Trust Exchange Traded leads at 0.5147 while FT Cboe Vest registers the lowest at 0.3502. First Trust has exhibited greater price dispersion than the peer average over the measured period.
Semi Deviation Relative To Other Indicators
The chart below plots Semi Deviation against Maximum Drawdown for First Trust and its peers. Each point represents one equity — position along the horizontal axis shows Semi 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.
With Semi Deviation at
0.46 and Maximum Drawdown at
2.55 , First Trust shows a
5.55 -to-one ratio between these indicators. This indicates Maximum Drawdown substantially exceeds Semi Deviation for First Trust.
Methodology, Assumptions & Data Sources
First Trust has a current Semi Deviation reading of 0.4589. The Semi Deviation for First Trust applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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