Fidelity Small Semi Variance
| FISVX Fund | | | USD 32.76 -0.42 -1.27% |
Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level. Below is Fidelity Small's current Semi Variance with peer comparisons and related risk metrics.
Current Semi Variance Value
At 1.23, Fidelity Small's Semi Variance indicates moderate price variability. This places Fidelity Small within the typical volatility range for Mutual Fund Funds.
Semi Variance | = | SUM(RET DEV)2N(ZERO) |
| = | 1.23 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual return deviation over selected period |
| N(ZERO) | = | Number of points with returns less than zero |
Semi Variance Peers Comparison
Relative to peers, Fidelity Small's Semi Variance is below the group average of 1.8. Peer readings range from 0.4714 (Federated Mdt Large) to 4.21 (Oberweis Small Cap Opportunities), reflecting wide dispersion across the sector. Fidelity Small has exhibited less price dispersion than the peer average over the measured period.
Semi Variance Relative To Other Indicators
The chart below plots Semi Variance against Maximum Drawdown for Fidelity Small and its peers. Each point represents one equity — position along the horizontal axis shows Semi 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 Small's Maximum Drawdown of
4.96 runs about
4.03 times its Semi Variance of
1.23 . This indicates Maximum Drawdown is significantly higher than Semi Variance for Fidelity Small.
Methodology, Assumptions & Data Sources
Fidelity Small's Semi Variance currently stands at 1.23. This Semi Variance reading for Fidelity Small results from applying the indicator's calculation rules to price and volume data over the selected window. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Fidelity Small operates in the small value funds sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The output reflects the selected calculation window — changing the horizon will produce different readings. This fund metric is provided for analytical reference.
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