First Trust Variance
| ETP Etf | | | CAD 18.47 -0.04 -0.22% |
The Variance calculation for First Trust draws on price and volume history. Each data point is derived from standardized price and volume feeds. Review
Investing Opportunities for context on portfolio diversification. Portfolio construction reflects how positions are combined across holdings. The holding in First Trust Global represents an allocation. Position allocation is driven by the portfolio construction model. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
First Trust Global has current Variance of 0.0716. 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 |
| = | 0.0716 | |
| 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
First Trust Global is rated
below average in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
18.69 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for First Trust Global sits at
18.69 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 First Trust to Peers
Other Technical Indicators