ALPS OShares Semi Variance
| OUSM ETF | | | USD 46.80 0.00 0.00% |
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 ALPS OShares's current Semi Variance with peer comparisons and related risk metrics.
Current Semi Variance Value
The current Semi Variance of 0.6694 places ALPS OShares at low price variability. This places ALPS OShares at the lower end of the volatility range for ETF.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 0.6694 | |
| 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
ALPS OShares falls below the 1.74 peer average for Semi Variance. iShares Asia 50 leads at 3.44 while Invesco High Yield registers the lowest at 0.5571. ALPS OShares has exhibited less 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 ALPS OShares 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.
ALPS OShares shows nearly
5.69 of Maximum Drawdown per unit of Semi Variance (
0.67 versus
3.81 ). This indicates Maximum Drawdown substantially exceeds Semi Variance for ALPS OShares.
Methodology, Assumptions & Data Sources
ALPS OShares has a current Semi Variance reading of 0.6694. The Semi Variance for ALPS OShares is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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