Horizon Funds Downside Deviation
| DIVN ETF | | | 28.57 0.12 0.42% |
Downside Deviation (or DD) is measured by target semi-deviation (the square root of target semi-variance) and is termed downside risk. It is expressed in percentages and therefore allows for rankings in the same way as standard deviation. An intuitive way to view the downside risk is the annualized standard deviation of returns below the target. Below is Horizon Funds's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
At 0.6707, Horizon Funds's Downside Deviation indicates low price variability. This places Horizon Funds at the lower end of the volatility range for ETF.
Downside Deviation | = | SQRT(DV) |
| = | 0.6707 | |
Downside Deviation Peers Comparison
Relative to peers, Horizon Funds's Downside Deviation is below the group average of 0.69. Peer readings range from 0.3911 (FT Vest Equity) to 1.26 (Dimensional International High), reflecting wide dispersion across the sector. Horizon Funds has exhibited less price dispersion than the peer average over the measured period.
Downside Deviation Relative To Other Indicators
The chart below plots Downside Deviation against Maximum Drawdown for Horizon Funds and its peers. Each point represents one equity — position along the horizontal axis shows Downside Deviation 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.
Horizon Funds shows nearly
4.64 of Maximum Drawdown per unit of Downside Deviation (
0.67 versus
3.11 ). This indicates Maximum Drawdown is significantly higher than Downside Deviation for Horizon Funds.
Methodology, Assumptions & Data Sources
Horizon Funds' Downside Deviation currently stands at 0.6707. Horizon Funds' Downside Deviation is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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