Global Technology Downside Deviation
| JGLTX Fund | | | USD 28.93 0.39 1.37% |
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 Global Technology's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
Global Technology carries a Downside Deviation of 1.61, consistent with moderate price variability. This places Global Technology within the typical volatility range for Janus Henderson Funds.
Downside Deviation | = | SQRT(DV) |
| = | 1.61 | |
Downside Deviation Peers Comparison
Among sector peers, Global Technology's Downside Deviation of 1.61 is below the 1.8 group average. The range runs from 1.34 (Technology Munications Portfolio) to 2.48 (Technology Ultrasector Profund). Global Technology 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 Global Technology 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.
Global Technology's Maximum Drawdown of
6.16 runs about
3.84 times its Downside Deviation of
1.61 . This indicates Maximum Drawdown is significantly higher than Downside Deviation for Global Technology.
Methodology, Assumptions & Data Sources
Global Technology's Downside Deviation currently stands at 1.61. The Downside Deviation for Global Technology applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Global Technology operates in the technology sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
Other Technical Indicators