First Trust Semi Variance
| FEM ETF | | | USD 33.70 0.19 0.57% |
Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level. Below is First Trust's current Semi Variance with peer comparisons and related risk metrics.
Current Semi Variance Value
At 1.71, First Trust's Semi Variance indicates moderate price variability. This places First Trust within the typical volatility range for ETF.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 1.71 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual return deviation over selected period |
| N(ZERO) | = | Number of points with returns less than zero |
Semi Variance Peers Comparison
First Trust's Semi Variance of 1.71 falls above the 1.63 peer average. Values range from 0.6666 (Cambria Foreign Shareholder) to 3.66 (iShares Oil Gas), with wide dispersion across the group. First Trust has exhibited greater price dispersion than the peer average over the measured period.
Semi Variance Relative To Other Indicators
The chart below plots Semi Variance against Maximum Drawdown for First Trust and its peers. Each point represents one equity — position along the horizontal axis shows Semi Variance 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.
First Trust shows nearly
4.06 of Maximum Drawdown per unit of Semi Variance (
1.71 versus
6.95 ). This indicates Maximum Drawdown is significantly higher than Semi Variance for First Trust.
Methodology, Assumptions & Data Sources
The current Semi Variance for First Trust is 1.71. The Semi Variance for First Trust applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The output reflects the selected calculation window — changing the horizon will produce different readings. This ETF metric is provided for analytical reference.
Other Technical Indicators