CIBC Core Variance
| CCRE Etf | | | CAD 17.73 -0.04 -0.23% |
The Variance indicator for CIBC Core is constructed from normalized market data. Related indicator context is organized within
Equity Screeners. Use
Trending Equities to explore diversified allocation structure. The construction of a diversified portfolio involves managing position exposure. CIBC Core Fixed can be added to a watchlist or portfolio for position tracking. Correlation data between positions helps assess portfolio-level risk. Broader economic conditions can influence CIBC Core Fixed's etf valuation — related indicators include
signals in inflation.
CIBC Core Fixed has current Variance of 0.0454. 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 |
| = | 0.0454 | |
| 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
CIBC Core Fixed is rated
below average in variance against similar ETFs. It is rated
below average in maximum drawdown against similar ETFs producing
24.75 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for CIBC Core Fixed sits at
24.75 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 CIBC Core to Peers
Other Technical Indicators