THOR Financial Downside Variance
| THLV ETF | | | USD 32.62 0.40 1.24% |
Downside Variance (or DV) is measured by target semi-variance and is termed downside volatility. It is expressed in percentages and therefore allows for rankings in the same way as variance. One way to view downside volatility is the annualized variance of returns below the target. Below is THOR Financial's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
THOR Financial registers a Downside Variance of 0.4439, reflecting low price variability. This places THOR Financial at the lower end of the volatility range for ETF.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 0.4439 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N(ER) | = | Number of points with returns less than expected return for the period |
Downside Variance Peers Comparison
Among sector peers, THOR Financial's Downside Variance of 0.4439 is below the 2.57 group average. The range runs from 0.3339 (Pacer Swan SOS) to 12.33 (PLUS Korea Defense). THOR Financial has exhibited less price dispersion than the peer average over the measured period.
Downside Variance Relative To Other Indicators
The chart below plots Downside Variance against Maximum Drawdown for THOR Financial and its peers. Each point represents one equity — position along the horizontal axis shows Downside 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.
THOR Financial produces
7.46 in Maximum Drawdown for each unit of Downside Variance, with respective readings of
3.31 and
0.44 . This indicates Maximum Drawdown substantially exceeds Downside Variance for THOR Financial.
Methodology, Assumptions & Data Sources
THOR Financial has a current Downside Variance reading of 0.4439. This Downside Variance reading for THOR Financial results from applying the indicator's calculation rules to price and volume data over the selected window. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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