Loss Standard Deviation

Measures the fund’s average (mean) return only for the periods with a loss, and then measures the variation of only the losing periods around this loss mean. This statistic is similar to standard deviation, but only measures the volatility of downside performance.

Gain Standard Deviation

Investors who are required to select and monitor investment managers should develop a basic understanding of investment statistics. Quantitative tools can provide you with good insight that you can use in your qualitative interviews with managers and when monitoring your investments.