AMERICAN HIGH Downside Variance
| RITAX Fund | | | USD 9.75 -0.04 -0.41% |
The Downside Variance indicator for AMERICAN HIGH is constructed from normalized market data. All inputs reflect available trading data across supported markets. Review
Your Equity Center for context on portfolio diversification. Portfolio-level transparency adds depth to allocation analysis. Portfolio tools allow users to monitor American High Income alongside other positions. Correlation data between positions helps assess portfolio-level risk. Broader economic conditions can influence American High Income's mutual fund valuation — related indicators include
signals in nation.
American High Income has current Downside Variance of 0.058. 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) |
| = | 0.058 | |
| 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
American High Income is rated
third in downside variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
15.79 of Maximum Drawdown per Downside Variance. At
15.79 , American High 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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