VOYA INTERMEDIATE Downside Variance
| IIBAX Fund | | | USD 8.80 0.03 0.34% |
Reference data associated with the Downside Variance technical indicator for Voya Intermediate Bond. Certain instruments may report limited data depending on market coverage.
Voya Intermediate Bond has current Downside Variance of 0.0532. 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) |
| = | 0.0532 | |
| 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
Voya Intermediate Bond is rated
below average in downside variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
19.11 of Maximum Drawdown per Downside Variance. At
19.11 , Voya Intermediate Bond'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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