Fidelity Freedom Downside Variance
| FNIPX Fund | | | USD 26.49 -0.02 -0.08% |
This dataset for Fidelity Freedom Index reflects inputs used in the Downside Variance calculation. Values are derived from historical price and volume observations. Data coverage may vary across sources and reporting intervals. For portfolio construction context, review
Investing Opportunities. Clearer exposure analysis supports long-term portfolio balance. A position in Fidelity Freedom Index appears within the mix. The position is captured in the allocation summary. The relative size of each holding follows the allocation framework. 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 employment.
Fidelity Freedom Index has current Downside Variance of 0.3431. 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) |
| = | 0.3431 | |
| 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 Freedom Index ranks first in downside variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
8.03 of Maximum Drawdown per Downside Variance. At
8.03 , Fidelity Freedom Index'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 Fidelity Freedom to Peers
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