Abbey Capital Variance
| ABYIX Fund | | | USD 11.51 -0.06 -0.52% |
The Variance calculation for Abbey Capital draws on price and volume history. Each data point is derived from standardized price and volume feeds. The depth of trading history affects the precision of the indicator. Use
Trending Equities to explore diversified allocation structure. Understanding allocation structure supports portfolio context. The overall portfolio profile is shaped by the distribution of its holdings. The allocation shows a weighting toward Abbey Capital Futures. The position is captured in the allocation summary. Each holding is sized according to the methodology applied to the portfolio. The information is analytical in nature and is not intended as a specific recommendation. 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 gross domestic product.
Abbey Capital Futures has current Variance of 0.3715. 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 |
| = | 0.3715 | |
| 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
Abbey Capital Futures ranks first in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
7.07 of Maximum Drawdown per Variance. At
7.07 , Abbey Capital Futures'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 Abbey Capital to Peers
Other Technical Indicators