FIDELITY VALUE Downside Variance
| FDVLX Fund | | | USD 14.33 0.07 0.49% |
Technical inputs supporting the Downside Variance indicator for Fidelity Value Fund are shown here. Availability can differ across markets, exchanges, and instruments. Review
Investing Opportunities to understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. Including Fidelity Value Fund in a portfolio enables allocation and risk analysis. Each holding is sized according to the methodology applied during portfolio construction. Broader economic conditions can influence Fidelity Value Fund's mutual fund valuation — related indicators include
signals in board of governors.
Fidelity Value Fund has current Downside Variance of 1.28. 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) |
| = | 1.28 | |
| 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
Fidelity Value Fund is rated
fifth in downside variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
4.01 of Maximum Drawdown per Downside Variance. At
4.01 , Fidelity Value Fund'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.
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