MIDAS FUND Downside Variance
| MIDSX Fund | | | USD 3.69 -0.06 -1.60% |
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 MIDAS FUND's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
The Downside Variance of 15.31 for MIDAS FUND indicates elevated price variability. This places MIDAS FUND toward the higher end of the volatility range for Mutual Fund Funds.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 15.31 | |
| 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
MIDAS FUND falls above the 0.75 peer average for Downside Variance. Astoncrosswind Small Cap leads at 1.96 while Guggenheim Municipal Income registers the lowest at 0.1083. MIDAS FUND 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 Midas Fund 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.
MIDAS FUND's Maximum Drawdown of
14.59 runs about
0.95 times its Downside Variance of
15.31 . The two measures are closely aligned in magnitude for MIDAS FUND. At
1.05 , Midas Fund Midas's Downside Variance-to-Maximum Drawdown multiple reflects the spread between these metrics
Methodology, Assumptions & Data Sources
The current Downside Variance for MIDAS FUND is 15.31. Downside Variance for MIDAS FUND is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. 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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