Innovator ETFs Variance
| ACEI Etf | | | 23.93 -0.02 -0.08% |
The Variance indicator for Innovator ETFs is constructed from normalized market data. Values reflect historical observations within the available dataset. The depth of trading history affects the precision of the indicator. Use
Trending Equities to better understand diversified portfolio construction. The diversification view provides additional analytical depth. Position sizing and allocation together define the portfolio construction approach. This captures an allocation to Innovator ETFs Trust. This is part of the broader portfolio composition. How positions are weighted depends on the construction approach used. All figures are presented for informational review and are not prescriptive. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Innovator ETFs Trust has current Variance of 0.5613. 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 |
| = | 0.5613 | |
| 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
Innovator ETFs Trust is rated
below average for variance across ETF peers. It is currently under evaluation for maximum drawdown across ETF peers recording roughly
6.98 in Maximum Drawdown for every unit of Variance. Maximum Drawdown outpaces Variance by
6.98 times for Innovator ETFs Trust
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 Innovator ETFs to Peers
Other Technical Indicators