ALTEGRIS FUTURES Variance
| EVOIX Fund | | | USD 6.47 -0.03 -0.46% |
Observed values used in the Variance indicator for Altegris Futures Evolution are included in this dataset. For broader technical screening across instruments, see
Equity Screeners. Diversification context is available through
Investing Opportunities. The information is presented without directional commentary. Tracking Altegris Futures Evolution in a portfolio provides context for performance attribution. All values are presented as reference data. Broader economic conditions can influence Altegris Futures Evolution's mutual fund valuation — related indicators include
signals in gross domestic product.
Altegris Futures Evolution has current Variance of 0.6017. 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 |
| = | 0.6017 | |
| 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
Altegris Futures Evolution is rated
second in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
6.71 of Maximum Drawdown per Variance. At
6.71 , Altegris Futures Evolution's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
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 ALTEGRIS FUTURES to Peers
Other Technical Indicators