SavvyShort Geared Variance
| CLDN Etf | | | 7.64 -1.03 -11.88% |
This technical indicator view for Variance organizes signals for SavvyShort Geared Crude and comparable instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Review
Trending Equities to understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
SavvyShort Geared Crude has current Variance of 16.62. 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 |
| = | 16.62 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
SavvyShort Geared Variance Peers Comparison
SavvyShort Variance Relative To Other Indicators
SavvyShort Geared Crude is rated
below average. in variance as compared to similar ETFs. It is rated
below average. in maximum drawdown as compared to similar ETFs reporting about
1.24 of Maximum Drawdown per Variance. The ratio of Maximum Drawdown to Variance for SavvyShort Geared Crude is roughly
1.24 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.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.