ASTOR LONG/SHORT Variance
| ASTLX Fund | | | USD 12.79 -0.10 -0.78% |
The Variance reading for Astor Longshort Fund is computed from historical trading observations. Indicator reliability depends on the continuity of available trading data. Use
Trending Equities to better understand diversified portfolio construction. Allocation decisions are shaped by the composition and weighting of holdings. A position in Astor Longshort Fund is part of the allocation. How positions are weighted depends on the construction approach used. 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 board of governors.
Astor Longshort Fund has current Variance of 0.184. 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 |
| = | 0.184 | |
| 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
Astor Longshort Fund is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
13.02 of Maximum Drawdown per Variance. At
13.02 , Astor Longshort 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 ASTOR LONG/SHORT to Peers
Other Technical Indicators