NEOS Nasdaq Semi Variance
| QQQI ETF | | | 56.33 0.62 1.11% |
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 NEOS Nasdaq's current Semi Variance with peer comparisons and related risk metrics.
Current Semi Variance Value
At 0.7834, NEOS Nasdaq's Semi Variance indicates low price variability. This places NEOS Nasdaq at the lower end of the volatility range for ETF.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 0.7834 | |
| 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
NEOS Nasdaq's Semi Variance of 0.7834 falls below the 2.21 peer average. Values range from 0.0673 (Fidelity Asset Manager) to 10.7 (Grayscale Bitcoin Mini), with wide dispersion across the group. NEOS Nasdaq 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 NEOS Nasdaq 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.
At
0.78 for Semi Variance and
4.25 for Maximum Drawdown, NEOS Nasdaq's cross-indicator ratio sits almost
5.43 . This indicates Maximum Drawdown substantially exceeds Semi Variance for NEOS Nasdaq.
Methodology, Assumptions & Data Sources
The current Semi Variance for NEOS Nasdaq is 0.7834. This Semi Variance reading for NEOS Nasdaq results from applying the indicator's calculation rules to price and volume data over the selected window. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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