Xtrackers MSCI Variance
| DBJP Etf | | | USD 97.59 -2.32 -2.32% |
The Variance signal for Xtrackers MSCI Japan reflects patterns observed in trading data. All inputs are based on actual trading observations from supported exchanges. Diversification context is available through
Investing Opportunities. Allocation context can improve visibility into portfolio balance. Diversification context is built from the relationships between portfolio holdings. The portfolio reflects a holding in Xtrackers MSCI Japan. The weighting is visible within the allocation breakdown. The relative size of each holding follows the allocation framework. The dataset is presented as structured reference material for independent review. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Xtrackers MSCI Japan has current Variance of 1.71. 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 |
| = | 1.71 | |
| 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
Xtrackers MSCI Japan is ranked
fourth for variance among related ETFs. It is currently under evaluation for maximum drawdown among related ETFs with Maximum Drawdown measuring nearly
4.40 against Variance. Maximum Drawdown runs about
4.40 times Variance for Xtrackers MSCI Japan
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 Xtrackers MSCI to Peers
Other Technical Indicators