OMNI SMALL-CAP Downside Variance
| BOSVX Fund | | | USD 21.72 0.09 0.42% |
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 OMNI SMALL-CAP's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
OMNI SMALL-CAP has a Downside Variance of 1.34, indicating moderate price variability. This places OMNI SMALL-CAP within the typical volatility range for Mutual Fund Funds.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 1.34 | |
| 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 14.1 for Downside Variance, with OMNI SMALL-CAP at 1.34 falling below that level. Readings span 13.09 (Invesco Gold Special) to 16.14 (Gold And Precious). OMNI SMALL-CAP 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 Omni Small 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.
OMNI SMALL-CAP's Maximum Drawdown of
5.45 runs about
4.06 times its Downside Variance of
1.34 . This indicates Maximum Drawdown is significantly higher than Downside Variance for OMNI SMALL-CAP.
Methodology, Assumptions & Data Sources
OMNI SMALL-CAP's Downside Variance currently stands at 1.34. The Downside Variance for OMNI SMALL-CAP applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. OMNI SMALL-CAP operates in the small value funds sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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