Congress Large Variance
| CAML Etf | | | 35.79 -0.53 -1.46% |
Observed values used to calculate the Variance technical indicator for Congress Large Cap. Certain instruments may report limited data depending on market coverage.
Congress Large Cap has current Variance of 0.8648. 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 |
| = | 0.8648 | |
| 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
Congress Large Cap carries a
fourth ranking for variance within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group where Maximum Drawdown runs almost
4.52 per Variance. Congress Large Cap's Maximum Drawdown registers at
4.52 relative to Variance
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 Congress Large to Peers
Other Technical Indicators