CI DoubleLine Variance
| CDLB Etf | | | 16.46 -0.18 -1.08% |
The Variance reading for CI DoubleLine Total is computed from historical trading observations. Normalization methods and data feeds may affect reported values. Use
Trending Equities to better understand diversified portfolio construction. Allocation decisions are shaped by the composition and weighting of holdings. Portfolio analysis tools can evaluate how CI DoubleLine Total fits within a broader allocation. How positions are weighted depends on the construction approach applied. Broader economic conditions can influence CI DoubleLine Total's etf valuation — related indicators include
signals in inflation.
CI DoubleLine Total has current Variance of 0.041. 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 |
| = | 0.041 | |
| 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
CI DoubleLine Total is rated
below average in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
39.59 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for CI DoubleLine Total sits at
39.59 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 CI DoubleLine to Peers
Other Technical Indicators