AMERICAN MUTUAL Variance
| AMFFX Fund | | | USD 57.63 -0.80 -1.37% |
Historical market data for American Mutual Fund forms the basis of the Variance indicator shown here. The indicator computation uses normalized market activity data.
Trending Equities provides context for diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. The overall portfolio profile is shaped by the distribution of its holdings. This information is provided for contextual purposes. A position in American Mutual Fund appears within the mix. The position is captured in the allocation summary. The relative size of each holding follows the allocation framework. This content does not constitute investment advice or a 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 price.
American Mutual Fund has current Variance of 0.4322. 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 |
| = | 0.4322 | |
| 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
American Mutual Fund is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
8.56 of Maximum Drawdown per Variance. At
8.56 , American Mutual 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 AMERICAN MUTUAL to Peers
Other Technical Indicators