| AARB Etf | | | 15.77 0.86 5.17% |
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21Shares Arbitrum ETP has current Downside Variance of 52.03. 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.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 52.03 | |
| 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 |
21Shares Arbitrum Downside Variance Peers Comparison
21Shares Downside Variance Relative To Other Indicators
21Shares Arbitrum ETP is
second largest ETF in downside variance as compared to similar ETFs. It is the top ETF in maximum drawdown as compared to similar ETFs reporting about
0.68 of Maximum Drawdown per Downside Variance. The ratio of Downside Variance to Maximum Drawdown for 21Shares Arbitrum ETP is roughly
1.48 Downside Variance is the probability-weighted squared below-target returns. The squaring of the below-target returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of individual decision-making under.
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