AB SMALL Downside Variance
| SCYVX Fund | | | USD 14.67 -0.19 -1.28% |
Historical market data for Ab Small Cap forms the basis of the Downside Variance indicator shown here. Coverage may vary depending on data availability and normalization methods.
World Market Map frames the approach to diversified portfolio design. The view supports a broader understanding of portfolio structure. The allocation includes a position in Ab Small Cap. The position falls within the allocation view. 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 manufacturing.
Ab Small Cap has current Downside Variance of 1.13. 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) |
| = | 1.13 | |
| 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
Ab Small Cap is rated
fourth in downside variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
4.67 of Maximum Drawdown per Downside Variance. At
4.67 , Ab Small Cap'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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