tool is needed. Developed by Peter Martin in 1987, the Ulcer Index measures the human stress of holding a stock. Ulcer … Index is a volatility measure that only captures continuous downside movements in share price, and ignores upside volatility …. The more continuous and prolonged the drawdown, the higher the index and the more likely investing in it will cause ulcers …

other index products have become the instrument of choice for betting rapidly on the outperformance of these 'winners' over … in line with the rationale behind index investment strategies as originally envisioned. In addition to a thorough … development and the rationale of thematic ETF trading is seemingly deteriorating the reliability of index investing altogether …