Simplify Equity Downside Deviation
| SPUC ETF | | | USD 48.98 0.54 1.11% |
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 Simplify Equity's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
At 0.9996, Simplify Equity's Downside Deviation indicates low price variability. This places Simplify Equity at the lower end of the volatility range for ETF.
Downside Deviation | = | SQRT(DV) |
| = | 0.9996 | |
Downside Deviation Peers Comparison
Relative to peers, Simplify Equity's Downside Deviation is above the group average of 0.75. Peer readings range from 0.4383 (AIM ETF Products) to 1.21 (Argent Mid Cap), reflecting wide dispersion across the sector. Simplify Equity has exhibited greater 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 Simplify Equity 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.
With Downside Deviation at
1.00 and Maximum Drawdown at
4.59 , Simplify Equity shows a
4.59 -to-one ratio between these indicators. This indicates Maximum Drawdown is significantly higher than Downside Deviation for Simplify Equity.
Methodology, Assumptions & Data Sources
The current Downside Deviation for Simplify Equity is 0.9996. Downside Deviation for Simplify Equity is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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