ProShares Merger Downside Deviation
| MRGR ETF | | | USD 45.06 -0.13 -0.29% |
Downside Deviation (or DD) is measured by target semi-deviation (the square root of target semi-variance) and is termed downside risk. It is expressed in percentages and therefore allows for rankings in the same way as standard deviation. An intuitive way to view the downside risk is the annualized standard deviation of returns below the target. Below is ProShares Merger's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
With Downside Deviation at 0.2524, ProShares Merger shows low price variability. This places ProShares Merger at the lower end of the volatility range for ETF.
Downside Deviation | = | SQRT(DV) |
| = | 0.2524 | |
Downside Deviation Peers Comparison
The peer group averages 1.68 for Downside Deviation, with ProShares Merger at 0.2524 falling below that level. Readings span 0.8424 (Innovator ETFs Trust) to 4.49 (Direxion Daily Pharmaceutical). ProShares Merger has exhibited less price dispersion than the peer average over the measured period.
Downside Deviation Relative To Other Indicators
The chart below plots Downside Deviation against Maximum Drawdown for ProShares Merger and its peers. Each point represents one equity — position along the horizontal axis shows Downside 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.
ProShares Merger's Downside Deviation reads
0.25 while Maximum Drawdown reads
1.12 , a
4.43 ratio between the two. This indicates Maximum Drawdown is significantly higher than Downside Deviation for ProShares Merger.
Methodology, Assumptions & Data Sources
ProShares Merger's Downside Deviation currently stands at 0.2524. The Downside Deviation for ProShares Merger applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. 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