Fidelity Freedom Downside Variance
| FFSFX Fund | | | USD 16.13 -0.03 -0.19% |
Fidelity Freedom downside variance lookup summarizes this and related technical indicators for Fidelity Freedom 2065. Coverage depends on data availability and normalization;
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Fidelity Freedom 2065 has current Downside Variance of 0.7197. 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) |
| = | 0.7197 | |
| 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 |
Fidelity Freedom Downside Variance Peers Comparison
Fidelity Downside Variance Relative To Other Indicators
Fidelity Freedom 2065 currently holds the
# 2 position in downside variance among similar funds. It is currently under evaluation. in maximum drawdown among similar funds reporting about
6.18 of Maximum Drawdown per Downside Variance. The ratio of Maximum Drawdown to Downside Variance for Fidelity Freedom 2065 is roughly
6.18 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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