SPDR Dow Variance
| DIA Etf | | | USD 455.89 -4.18 -0.91% |
Observed values used in the Variance indicator for SPDR Dow Jones are included in this dataset. Data coverage may vary across sources and reporting intervals. SPDR Dow has a market cap of 28.12 B. Review
Investing Opportunities for a broader allocation view. This reflects a position in SPDR Dow Jones. It is distributed across the allocation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.
SPDR Dow Jones has current Variance of 0.6613. 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 |
| = | 0.6613 | |
| 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
SPDR Dow Jones is rated
below average in variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
6.28 of Maximum Drawdown per Variance. At
6.28 , SPDR Dow Jones'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 SPDR Dow to Peers
Other Technical Indicators