Destinations Equity Variance
| DGEZX Fund | | | USD 13.68 0.03 0.22% |
The Variance indicator for Destinations Equity Income is derived from observed market data. Some instruments may report limited inputs depending on trading history. Portfolio design and allocation context appear in
Investing Opportunities. Portfolio-level transparency adds depth to allocation analysis. Tracking Destinations Equity Income in a portfolio helps measure its contribution to overall performance. All values are presented as reference data. Broader economic conditions can influence Destinations Equity Income's mutual fund valuation — related indicators include
signals in nation.
Destinations Equity Income has current Variance of 0.3855. 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 |
| = | 0.3855 | |
| 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
Destinations Equity Income ranks first in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
7.78 of Maximum Drawdown per Variance. At
7.78 , Destinations Equity 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 Destinations Equity to Peers
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