AAM SELECT Variance
| CPUAX Fund | | | USD 9.18 0.04 0.44% |
The Variance calculation for AAM SELECT draws on price and volume history. Data availability for the calculation period determines indicator completeness. Portfolio design and allocation context appear in
Trending Equities. Portfolio balance depends on how holdings are weighted relative to each other. Aam Select Income can be included in a portfolio to evaluate diversification impact. The sizing of each position reflects the chosen allocation strategy. Broader economic conditions can influence Aam Select Income's mutual fund valuation — related indicators include
signals in nation.
Aam Select Income has current Variance of 0.0612. 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 |
| = | 0.0612 | |
| 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
Aam Select Income is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
19.27 of Maximum Drawdown per Variance. At
19.27 , Aam Select Income'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 AAM SELECT to Peers
Other Technical Indicators