Virtus Convertible Downside Deviation
| VAADX Fund | | | USD 45.26 0.56 1.25% |
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 Virtus Convertible's current Downside Deviation with peer comparisons and related risk metrics.
Current Downside Deviation Value
A Downside Deviation of 1.27 for Virtus Convertible signals moderate price variability. This places Virtus Convertible within the typical volatility range for Mutual Fund Funds.
Downside Deviation | = | SQRT(DV) |
| = | 1.27 | |
Downside Deviation Peers Comparison
The peer group averages 1.31 for Downside Deviation, with Virtus Convertible at 1.27 falling below that level. Readings span 0.903 (Qs Growth Fund) to 2.31 (Hood River Small Cap). Virtus Convertible has exhibited less 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 Virtus Convertible 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.
Virtus Convertible's Maximum Drawdown of
5.23 runs about
4.12 times its Downside Deviation of
1.27 . This indicates Maximum Drawdown is significantly higher than Downside Deviation for Virtus Convertible.
Methodology, Assumptions & Data Sources
The current Downside Deviation for Virtus Convertible is 1.27. This Downside Deviation reading for Virtus Convertible results from applying the indicator's calculation rules to price and volume data over the selected window. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
Other Technical Indicators