ProShares UltraShort Variance
| EUO Etf | | | USD 29.76 0.19 0.64% |
The Variance indicator for ProShares UltraShort Euro is derived from observed market data. For broader technical screening across instruments, see
Equity Screeners. Portfolio design and allocation context appear in
Investing Opportunities. All values are presented as reference data. Portfolio analysis tools can evaluate how ProShares UltraShort Euro fits within a broader allocation. All metrics are derived from available inputs and shown for reference. Broader economic conditions can influence ProShares UltraShort Euro's etf valuation — related indicators include
signals in manufacturing.
ProShares UltraShort Euro has current Variance of 0.7711. 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 |
| = | 0.7711 | |
| 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 UltraShort Euro is rated
below average in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
5.16 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for ProShares UltraShort Euro sits at
5.16 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 UltraShort to Peers
Other Technical Indicators