KraneShares Artificial Variance
| AGIX Etf | | | 34.45 -0.40 -1.15% |
Observed values used to calculate the Variance technical indicator for KraneShares Artificial Intelligence. Additional screening context is available through
Equity Screeners.
KraneShares Artificial Intelligence has current Variance of 2.73. 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 |
| = | 2.73 | |
| 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
KraneShares Artificial Intelligence is rated
fourth in variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
2.83 of Maximum Drawdown per Variance. At
2.83 , KraneShares Artificial Intelligence'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 KraneShares Artificial to Peers
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