Rational/Pier Downside Deviation
| PBXIX Fund | | | USD 11.40 0.02 0.18% |
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 Rational/Pier's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
The current Downside Deviation of 0.5067 places Rational/Pier at low price variability. This places Rational/Pier at the lower end of the volatility range for Rational Funds.
Downside Deviation | = | SQRT(DV) |
| = | 0.5067 | |
Downside Deviation Peers Comparison
Relative to peers, Rational/Pier's Downside Deviation is above the group average of 0.45. Peer readings range from 0.2395 (Schwab Treasury Inflation) to 0.9285 (Asg Managed Futures), reflecting wide dispersion across the sector. Rational/Pier has exhibited greater 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 Rationalpier 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.
Rational/Pier's Maximum Drawdown of
1.86 runs about
3.68 times its Downside Deviation of
0.51 . This indicates Maximum Drawdown is significantly higher than Downside Deviation for Rational/Pier.
Methodology, Assumptions & Data Sources
Rational/Pier's Downside Deviation currently stands at 0.5067. The Downside Deviation for Rational/Pier applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Rational/Pier operates in the convertibles 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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