Brookstone Yield Variance
| BAMY Etf | | | 27.41 0.09 0.33% |
Reference data associated with the Variance technical indicator for Brookstone Yield ETF. Some instruments may provide partial coverage depending on trading history.
Brookstone Yield ETF has current Variance of 0.0331. 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 |
| = | 0.0331 | |
| 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
Brookstone Yield ETF is rated
below average in variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
35.32 of Maximum Drawdown per Variance. At
35.32 , Brookstone Yield ETF'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 Brookstone Yield to Peers
Other Technical Indicators