INVESCO MUNICIPAL Semi Variance
| VMIIX Fund | | | USD 11.58 -0.09 -0.77% |
The Semi Variance calculation for INVESCO MUNICIPAL draws on price and volume history. Each data point is derived from standardized price and volume feeds.
World Market Map provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. The holding in Invesco Municipal Income represents an allocation. Position allocation is driven by the portfolio construction model. 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.
Invesco Municipal Income has current Semi Variance of 0.0427. Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 0.0427 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual return deviation over selected period |
| N(ZERO) | = | Number of points with returns less than zero |
Semi Variance Peers Comparison
Semi Variance Relative To Other Indicators
Invesco Municipal Income is rated
fifth in semi variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
28.19 of Maximum Drawdown per Semi Variance. At
28.19 , Invesco Municipal Income's Maximum Drawdown-to-Semi Variance multiple reflects the spread between these metrics
Semi-variance is the square of semi-deviation. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
Compare INVESCO MUNICIPAL to Peers
Other Technical Indicators