ProShares Trust Variance
| ETHT Etf | | | 15.69 -0.18 -1.13% |
Technical inputs supporting the Variance indicator for ProShares Trust are shown here. The information is based on observed market data across timeframes. For portfolio construction context, review
Investing Opportunities. Clearer exposure analysis supports long-term portfolio balance. A position in ProShares Trust is part of the allocation. Portfolio construction methods define how positions are sized. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Our
How to Trade ProShares Trust guide. The guide covers key considerations before placing your first order for ProShares Etf.
ProShares Trust has current Variance of 91.77. 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 |
| = | 91.77 | |
| 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
ProShares Trust earns the top ranking in variance across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
0.47 of Maximum Drawdown per Variance. For ProShares Trust, Variance stands at
2.13 times Maximum Drawdown
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 ProShares Trust to Peers
Other Technical Indicators