054536AA5 Downside Deviation vs. Standard Deviation

054536AA5   119.64  4.30  3.73%   
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AXA SA 86 has current Downside Deviation of 0.7956. 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.

Downside Deviation

=

SQRT(DV)

 = 
0.7956
SQRT = Square root notation
DV =   Downside Variance of returns over selected period

054536AA5 Downside Deviation Peers Comparison

054536AA5 Downside Deviation Relative To Other Indicators

AXA SA 86 cannot be rated in Downside Deviation category at this point. It cannot be rated in Standard Deviation category at this point. creating about  1.39  of Standard Deviation per Downside Deviation. The ratio of Standard Deviation to Downside Deviation for AXA SA 86 is roughly  1.39 
It is the square root of 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 most private investors.
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