IShares Global Variance
| CWW Etf | | | CAD 64.80 0.12 0.19% |
Reference data associated with the Variance technical indicator for iShares Global Water. Values may reflect normalized price or volume observations.
iShares Global Water has current Variance of 0.8457. 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 |
| = | 0.8457 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
IShares Global Variance Peers Comparison
IShares Variance Relative To Other Indicators
iShares Global Water is rated
below average in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
5.03 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for iShares Global Water sits at
5.03 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.
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