MicroSectors Solactive Variance
| BERZ Etf | | | USD 61.91 -3.68 -5.61% |
The Variance indicator for MicroSectors Solactive FANG is derived from observed market data. Broader indicator relationships are reflected within
Equity Screeners.
Trending Equities provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. The allocation shows a weighting toward MicroSectors Solactive FANG. The weighting is visible within the allocation breakdown. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
MicroSectors Solactive FANG has current Variance of 22.47. 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 |
| = | 22.47 | |
| 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
MicroSectors Solactive FANG ranks first in variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
1.09 of Maximum Drawdown per Variance. At
1.09 , MicroSectors Solactive FANG'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 MicroSectors Solactive to Peers
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