Fidelity Series Downside Variance
| FSTZX Fund | | | USD 9.91 -0.01 -0.10% |
The Downside Variance indicator for Fidelity Series 0 5 is derived from observed market data. The dataset is based on observed market activity where data is available.
Investing Opportunities provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. Fidelity Series 0 5 can be included in a portfolio to evaluate diversification impact. The information is presented without directional commentary. Broader economic conditions can influence Fidelity Series 0 5's mutual fund valuation — related indicators include
signals in nation.
Fidelity Series 0 5 has current Downside Variance of 0.0146. 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) |
| = | 0.0146 | |
| 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 Series 0 5 is rated
fourth in downside variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
27.75 of Maximum Drawdown per Downside Variance. At
27.75 , Fidelity Series 0 5'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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