ALGER BALANCED Variance
| ABLOX Fund | | | USD 22.15 -0.24 -1.07% |
The Variance calculation for ALGER BALANCED draws on price and volume history. All inputs are based on actual trading observations from supported exchanges. Data availability for the calculation period determines indicator completeness.
Trending Equities frames the approach to diversified portfolio design. Refined allocation visibility enhances overall portfolio context. This captures an allocation to Alger Balanced Portfolio. This is part of the broader portfolio composition. How positions are weighted depends on the construction approach used. This overview is based on available data and does not express a directional view. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Alger Balanced Portfolio has current Variance of 0.3345. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 0.3345 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
Alger Balanced Portfolio is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
7.79 of Maximum Drawdown per Variance. At
7.79 , Alger Balanced Portfolio's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare ALGER BALANCED to Peers
Other Technical Indicators