SPECTRUM GROWTH Downside Variance
| PRSGX Fund | | | USD 27.09 0.10 0.37% |
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 SPECTRUM GROWTH's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
At 0.9064, SPECTRUM GROWTH exhibits low price variability in Downside Variance. This places SPECTRUM GROWTH at the lower end of the volatility range for Mutual Fund Funds.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 0.9064 | |
| 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
SPECTRUM GROWTH falls below the 1.46 peer average for Downside Variance. The Hartford Midcap leads at 2.07 while Smead Value Fund registers the lowest at 0.7686. SPECTRUM GROWTH 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 Spectrum Growth 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.
SPECTRUM GROWTH's Maximum Drawdown of
3.84 runs about
4.23 times its Downside Variance of
0.91 . This indicates Maximum Drawdown is significantly higher than Downside Variance for SPECTRUM GROWTH.
Methodology, Assumptions & Data Sources
The current Downside Variance for SPECTRUM GROWTH is 0.9064. This Downside Variance reading for SPECTRUM GROWTH results from applying the indicator's calculation rules to price and volume data over the selected window. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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