AB VALUE Variance
| ABVCX Fund | | | USD 18.86 -0.21 -1.10% |
The Variance signal for Ab Value Fund reflects patterns observed in trading data. All inputs are based on actual trading observations from supported exchanges. Diversification context is available through
Trending Equities. Allocation context can improve visibility into portfolio balance. The holding in Ab Value Fund represents an allocation. It is represented within the portfolio holdings. 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 discontinued.
Ab Value Fund has current Variance of 0.6143. 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 |
| = | 0.6143 | |
| 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
Ab Value Fund is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
5.80 of Maximum Drawdown per Variance. At
5.80 , Ab Value Fund'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 AB VALUE to Peers
Other Technical Indicators