FIDELITY ADVISOR Downside Variance
| FSCDX Fund | | | USD 31.29 -0.58 -1.82% |
Historical market data for Fidelity Advisor Small forms the basis of the Downside Variance indicator shown here. Cross-instrument Downside Variance comparisons are available via
Equity Screeners. Review
Investing Opportunities to understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. Fidelity Advisor Small can be tracked within a custom portfolio for ongoing monitoring. Each holding is sized according to the methodology applied during portfolio construction. Broader economic conditions can influence Fidelity Advisor Small's mutual fund valuation — related indicators include
signals in unemployment.
Fidelity Advisor Small has current Downside Variance of 1.43. 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) |
| = | 1.43 | |
| 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 Advisor Small ranks first in downside variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
3.71 of Maximum Drawdown per Downside Variance. At
3.71 , Fidelity Advisor Small'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 ADVISOR to Peers
Other Technical Indicators