Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
All ratings have been updated on MFO Premium site, including MultiSearch, Great Owls, Fund Alarm (Three Alarm and Honor Roll), Averages, Dashboard of Profiled Funds, and Fund Family Scorecard. The site now includes several analysis tools, including Correlation, Rolling Averages, Trend, Ferguson Metrics, Calendar Year and Period Performance.
Always appreciate these refinements. In this case, under Risk in the Miraculous Multi-Search tool, it would be helpful to know, e.g., how the following may be calculated by curious minds:
Choosing POGRX, for example, or any other fund of your choice:
This fund’s Standard Deviation (STDEV or Std Dev) is 16.7, which measures the annualized volatility of its returns. Read STDEV in conjunction with your fund’s APR of 15.4. A fund with an APR of 15.4 and STDEV of 16.7 is telling you “we’ve averaged 15.4, but you’d have to endure returns that range from -1.3 to 32.1 in order to get there.”
Is was just the data at the time David wrote the definition ... not even sure what period. Was meant to illustrate the amount of annual variability a fund could experience based on its STDEV value, for example. c
Comments
Chip recently posted the 3rd quarter MFO ratings update to the main site Search Tools. Please see Miraculous Multi-Search, Great Owl Funds, Three Alarm Funds, and Fund Dashboard of Profiled Funds. The main site offers a very basic set of search tools (a baby step to our Premium site), which are updated quarterly.
Choosing POGRX, for example, or any other fund of your choice:
This fund’s Standard Deviation (STDEV or Std Dev) is 16.7, which measures the annualized volatility of its returns. Read STDEV in conjunction with your fund’s APR of 15.4. A fund with an APR of 15.4 and STDEV of 16.7 is telling you “we’ve averaged 15.4, but you’d have to endure returns that range from -1.3 to 32.1 in order to get there.”
Thoughts?
All the definitions are here ...
http://www.mutualfundobserver.com/2013/06/ratings-system-definitions/
And basic equations here ...
https://www.mutualfundobserver.com/discuss/discussion/5125/a-look-at-risk-adjusted-returns
But if I'm missing something, please post/email me.
The STDEV deviation is textbook standard.
c