Fidelity Salem Semi Variance
| FBIIX Fund | | | USD 9.20 -0.04 -0.43% |
The Semi Variance technical lookup provides context for Fidelity Salem Street and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context.
Investing Opportunities provides context for diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This reflects a position in Fidelity Salem Street within the portfolio mix. 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 gross domestic product.
Fidelity Salem Street has current Semi Variance of 0.0354. Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 0.0354 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual return deviation over selected period |
| N(ZERO) | = | Number of points with returns less than zero |
Fidelity Salem Semi Variance Peers Comparison
Fidelity Semi Variance Relative To Other Indicators
Fidelity Salem Street is rated
below average. in semi variance among similar funds. It is currently under evaluation. in maximum drawdown among similar funds reporting about
24.44 of Maximum Drawdown per Semi Variance. The ratio of Maximum Drawdown to Semi Variance for Fidelity Salem Street is roughly
24.44 Semi-variance is the square of semi-deviation. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
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