IShares ESG Variance
| ESML ETF | | | USD 46.06 -0.79 -1.69% |
The Variance reading for iShares ESG Aware is computed from historical trading observations. Broader indicator relationships are reflected within
Equity Screeners.
Investing Opportunities provides a view into diversified allocation design. Understanding allocation structure supports portfolio context. Monitoring iShares ESG Aware within a portfolio highlights how it interacts with other holdings. The relative size of each holding follows the selected allocation framework. Broader economic conditions can influence iShares ESG Aware's ETF valuation — related indicators include
signals in inflation.
iShares ESG Aware has current Variance of 1.14. 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 |
| = | 1.14 | |
| 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
iShares ESG Aware is rated
below average for variance within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group where Maximum Drawdown runs almost
4.57 per Variance. iShares ESG Aware's Maximum Drawdown registers at
4.57 relative to Variance
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 IShares ESG to Peers
Other Technical Indicators