Franklin Equity Downside Variance
| FREIX Fund | | | USD 33.02 -0.47 -1.40% |
The Downside Variance indicator for Franklin Equity is constructed from normalized market data. The
Equity Screeners module supports multi-indicator technical analysis. Diversification context is available through
Investing Opportunities. Diversification context is built from the relationships between portfolio holdings. The allocation includes a position in Franklin Equity Income. The weighting is determined by the allocation framework in use. 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.
Franklin Equity Income has current Downside Variance of 0.6241. 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) |
| = | 0.6241 | |
| 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
Franklin Equity Income is rated
third in downside variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
18.48 of Maximum Drawdown per Downside Variance. At
18.48 , Franklin Equity Income'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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