Strategy Shares Variance
| ESLG Etf | | | 23.67 0.00 0.00% |
This dataset for Strategy Shares reflects inputs used in the Variance calculation. Data availability for the calculation period determines indicator completeness. Portfolio design and allocation context appear in
Investing Opportunities. The dataset reflects available inputs without directional implication. Strategy Shares can be tracked within a custom portfolio for ongoing monitoring. All figures are based on reported data and are informational in nature. Broader economic conditions can influence Strategy Shares's etf valuation — related indicators include
signals in board of governors.
The fundamentals of trading Strategy Etf are covered in our
How to Buy Strategy Shares walkthrough. This resource outlines the process for evaluating Strategy Etf from a trading perspective. It covers the mechanics of investing in Strategy Shares from account funding through order execution.
Strategy Shares has current Variance of 0.993. 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 |
| = | 0.993 | |
| 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
Strategy Shares is rated
below average in variance relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs at roughly
4.86 Maximum Drawdown per unit of Variance. Strategy Shares carries a
4.86 x Maximum Drawdown-to-Variance ratio
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 Strategy Shares to Peers
Other Technical Indicators