Apple Inc has current Downside Variance of 0.3001. 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.
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|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 Comparison
Apple Inc is rated second
in downside variance category among related companies. It is rated fourth
in maximum drawdown category among related companies reporting about 10.59
of Maximum Drawdown per Downside Variance. The ratio of Maximum Drawdown to Downside Variance for Apple Inc is roughly 10.59
Downside Variance is the probability-weighted squared below-target returns. The squaring of the below-target returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of individual decision-making under.