JANUS GLOBAL Downside Variance
| JAGTX Fund | | | USD 80.42 -1.12 -1.37% |
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 JANUS GLOBAL's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
JANUS GLOBAL has a Downside Variance of 2.67, indicating moderate price variability. This places JANUS GLOBAL within the typical volatility range for Janus Henderson Funds.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 2.67 | |
| 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 1.41 for Downside Variance, with JANUS GLOBAL at 2.67 falling above that level. Readings span 0.7676 (Mfs Research Fund) to 2.53 (Janus Global Technology). JANUS GLOBAL 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 Janus Global 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.
JANUS GLOBAL's Maximum Drawdown of
7.25 runs about
2.72 times its Downside Variance of
2.67 . This indicates Maximum Drawdown is significantly higher than Downside Variance for JANUS GLOBAL.
Methodology, Assumptions & Data Sources
JANUS GLOBAL's Downside Variance currently stands at 2.67. The Downside Variance for JANUS GLOBAL is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. JANUS GLOBAL operates in the technology 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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