Direxion Daily Semi Deviation
| METD ETF | | | 16.25 -0.11 -0.67% |
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 Direxion Daily's current Semi Deviation with peer comparisons and related risk metrics.
Current Semi Deviation Value
The current Semi Deviation of 2.13 places Direxion Daily at moderate price variability. This places Direxion Daily within the typical volatility range for ETF.
Semi Deviation | = | SQRT(SV) |
| = | 2.13 | |
Semi Deviation Peers Comparison
Among sector peers, Direxion Daily's Semi Deviation of 2.13 is above the 1.67 group average. The range runs from 0.1718 (Invesco High Yield) to 4.63 (Leverage Shares 2X). Direxion Daily 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 Direxion Daily 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
2.13 and Maximum Drawdown at
14.56 , Direxion Daily shows a
6.85 -to-one ratio between these indicators. This indicates Maximum Drawdown substantially exceeds Semi Deviation for Direxion Daily.
Methodology, Assumptions & Data Sources
Direxion Daily's Semi Deviation currently stands at 2.13. The Semi Deviation for Direxion Daily 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. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
Other Technical Indicators