NUVEEN MID Downside Variance
| FASEX Fund | | | USD 53.05 -1.09 -2.01% |
This module presents the Downside Variance indicator for Nuveen Mid Cap using available market inputs. The indicator computation uses normalized market activity data. Exchange-specific data schedules may affect the recency of readings.
Investing Opportunities provides context for diversified portfolio design. Additional portfolio transparency improves capital positioning. Diversification analysis considers the interaction of positions within a portfolio. The content reflects structured data inputs rather than subjective analysis. This captures an allocation to Nuveen Mid Cap. It is represented within the portfolio holdings. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Nuveen Mid Cap has current Downside Variance of 0.907. 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) |
| = | 0.907 | |
| 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
Downside Variance Relative To Other Indicators
Nuveen Mid Cap ranks first in downside variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
4.27 of Maximum Drawdown per Downside Variance. At
4.27 , Nuveen Mid Cap's Maximum Drawdown-to-Downside Variance multiple reflects the spread between these metrics
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.
Compare NUVEEN MID to Peers
Other Technical Indicators