FIDELITY CHINA Downside Variance
| FHKCX Fund | | | USD 73.51 0.17 0.23% |
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 FIDELITY CHINA's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
FIDELITY CHINA has a Downside Variance of 3.31, indicating moderate price variability. This places FIDELITY CHINA within the typical volatility range for Mutual Fund Funds.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 3.31 | |
| 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 1.75 for Downside Variance, with FIDELITY CHINA at 3.31 falling above that level. Readings span 0.1213 (Dimensional Global ex) to 4.44 (Computers Portfolio Puters). FIDELITY CHINA has exhibited greater 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 Fidelity China 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.
FIDELITY CHINA's Maximum Drawdown of
7.54 runs about
2.28 times its Downside Variance of
3.31 . This indicates Maximum Drawdown is significantly higher than Downside Variance for FIDELITY CHINA.
Methodology, Assumptions & Data Sources
FIDELITY CHINA has a current Downside Variance reading of 3.31. The Downside Variance for FIDELITY CHINA is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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