JPMORGAN SMARTRETIREMENT Downside Variance
| SMTAX Fund | | | USD 25.21 0.39 1.57% |
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 JPMORGAN SMARTRETIREMENT's current Downside Variance with peer comparisons and related risk metrics.
Current Downside Variance Value
JPMORGAN SMARTRETIREMENT's Downside Variance of 0.6983 reflects low price variability. This places JPMORGAN SMARTRETIREMENT at the lower end of the volatility range for Mutual Fund Funds.
Downside Variance | = | SUM(RET DEV)2N(ER) |
| = | 0.6983 | |
| 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 0.73 for Downside Variance, with JPMORGAN SMARTRETIREMENT at 0.6983 falling below that level. Readings span 0.5934 (JPMorgan Smartretirement Blend) to 0.9124 (JPMorgan Smartretirement 2050). JPMORGAN SMARTRETIREMENT 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 JPMorgan Smartretirement 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.
JPMORGAN SMARTRETIREMENT's Maximum Drawdown of
3.58 runs about
5.12 times its Downside Variance of
0.70 . This indicates Maximum Drawdown substantially exceeds Downside Variance for JPMORGAN SMARTRETIREMENT.
Methodology, Assumptions & Data Sources
JPMORGAN SMARTRETIREMENT has a current Downside Variance reading of 0.6983. The Downside Variance for JPMORGAN SMARTRETIREMENT applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. 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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