PRAXIS IMPACT Downside Deviation
| MIIIX Fund | | | USD 9.53 -0.04 -0.42% |
The Downside Deviation technical lookup provides context for Praxis Impact Bond and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context.
Correlation Analysis provides context for diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This reflects a position in Praxis Impact Bond within the portfolio mix. 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.
Praxis Impact Bond has current Downside Deviation of 0.2412. Downside Deviation (or DD) is measured by target semi-deviation (the square root of target semi-variance) and is termed downside risk. It is expressed in percentages and therefore allows for rankings in the same way as standard deviation. An intuitive way to view the downside risk is the annualized standard deviation of returns below the target.
Downside Deviation | = | SQRT(DV) |
| = | 0.2412 | |
PRAXIS IMPACT Downside Deviation Peers Comparison
PRAXIS Downside Deviation Relative To Other Indicators
Praxis Impact Bond maintains a
fifth in downside deviation among similar funds. It is currently under evaluation. in maximum drawdown among similar funds reporting about
3.89 of Maximum Drawdown per Downside Deviation. The ratio of Maximum Drawdown to Downside Deviation for Praxis Impact Bond is roughly
3.89 It is the square root of 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 most private investors.
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