T ROWE Downside Variance
| PARCX Fund | | | USD 28.95 -0.15 -0.52% |
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 T ROWE's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
T ROWE has a Downside Variance of 0.4761, indicating low price variability. This places T ROWE at the lower end of the volatility range for Mutual Fund Funds.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 0.4761 | |
| 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 0.76 for Downside Variance, with T ROWE at 0.4761 falling below that level. Readings span 0.3806 (T Rowe Price) to 0.9831 (T Rowe Price). T ROWE has exhibited less 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 T Rowe 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.
T ROWE's Maximum Drawdown of
2.89 runs about
6.06 times its Downside Variance of
0.48 . This indicates Maximum Drawdown substantially exceeds Downside Variance for T ROWE.
Methodology, Assumptions & Data Sources
The current Downside Variance for T ROWE is 0.4761. The Downside Variance for T ROWE is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. T ROWE operates in the target risk funds sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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