Formidable Fortress Standard Deviation
| KONG ETF | | | USD 30.96 -0.08 -0.26% |
The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities. Below is Formidable Fortress's current Standard Deviation with peer comparisons and related risk metrics.
Current Standard Deviation Value
Formidable Fortress carries a Standard Deviation of 0.87, consistent with low price variability. This places Formidable Fortress at the lower end of the volatility range for ETF.
Standard Deviation | = | SQRT(V) |
| = | 0.87 | |
Standard Deviation Peers Comparison
Among sector peers, Formidable Fortress's Standard Deviation of 0.87 is below the 1.57 group average. The range runs from 0.332 (Pacer Swan SOS) to 5.52 (Invesco Multi Strategy Alternative). Formidable Fortress has exhibited less price dispersion than the peer average over the measured period.
Standard Deviation Relative To Other Indicators
The chart below plots Standard Deviation against Maximum Drawdown for Formidable Fortress and its peers. Each point represents one equity — position along the horizontal axis shows Standard 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.
Formidable Fortress records a Standard Deviation of
0.87 and a Maximum Drawdown of
3.92 , yielding roughly
4.51 units of Maximum Drawdown per Standard Deviation. This indicates Maximum Drawdown is significantly higher than Standard Deviation for Formidable Fortress.
Methodology, Assumptions & Data Sources
Formidable Fortress' Standard Deviation currently stands at 0.87. The Standard Deviation for Formidable Fortress applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. 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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