FT Cboe Semi Variance
| FNOV ETF | | | USD 56.73 0.27 0.48% |
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 FT Cboe's current Semi Variance with peer comparisons and related risk metrics.
Current Semi Variance Value
At 0.2915, FT Cboe exhibits low price variability in Semi Variance. This places FT Cboe at the lower end of the volatility range for ETF.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 0.2915 | |
| 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
Among sector peers, FT Cboe's Semi Variance of 0.2915 is above the 0.2 group average. The range runs from -0.0131 (FT Cboe Vest) to 0.3044 (First Trust Exchange Traded). FT Cboe 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 FT Cboe 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.
FT Cboe produces
8.98 in Maximum Drawdown for each unit of Semi Variance, with respective readings of
2.62 and
0.29 . This indicates Maximum Drawdown substantially exceeds Semi Variance for FT Cboe.
Methodology, Assumptions & Data Sources
FT Cboe's Semi Variance currently stands at 0.2915. The Semi Variance for FT Cboe 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. 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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