ProShares UltraShort Semi Deviation

KOLD -- USA Etf  

USD 43.12  1.21  2.73%

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ProShares UltraShort Bloomberg Natrl Gas has current Semi Deviation of 1.77. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.
ProShares UltraShort 
Semi Deviation 
=  
SQRT(SV) 
 = 
1.77
SQRT =   Square root notation
SV =   ProShares UltraShort semi variance of returns over selected period

Semi Deviation Comparison

ProShares UltraShort Bloomberg Natrl Gas is rated second overall ETF in semi deviation as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  3.92  of Maximum Drawdown per Semi Deviation. The ratio of Maximum Drawdown to Semi Deviation for ProShares UltraShort Bloomberg Natrl Gas is roughly  3.92 
Semideviation is the square root of semi variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
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