American Mutual Downside Variance
| AMFCX Fund | | | USD 59.88 -0.15 -0.25% |
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. Below is American Mutual's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
American Mutual's Downside Variance of 0.5325 reflects low price variability. This places American Mutual at the lower end of the volatility range for Capital Group Funds.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 0.5325 | |
| 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
The peer group averages 0.73 for Downside Variance, with American Mutual at 0.5325 falling below that level. Readings span 0.3292 (Vanguard Balanced Index) to 1.35 (First Eagle Global). American Mutual has exhibited less price dispersion than the peer average over the measured period.
Downside Variance Relative To Other Indicators
The chart below plots Downside Variance against Maximum Drawdown for American Mutual and its peers. Each point represents one equity — position along the horizontal axis shows Downside Variance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
American Mutual's Maximum Drawdown of
3.37 runs about
6.33 times its Downside Variance of
0.53 . This indicates Maximum Drawdown substantially exceeds Downside Variance for American Mutual.
Methodology, Assumptions & Data Sources
The current Downside Variance for American Mutual is 0.5325. American Mutual's Downside Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. American Mutual operates in the large value sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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