FIDELITY ASSET Variance
| FASIX Fund | | | USD 14.27 -0.12 -0.83% |
The Variance indicator for Fidelity Asset Manager is derived from observed market data. The dataset is based on observed market activity where data is available. Portfolio design and allocation context appear in
Investing Opportunities. The view supports a broader understanding of portfolio structure. A position in Fidelity Asset Manager is indicated here. This is part of the broader portfolio composition. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Fidelity Asset Manager has current Variance of 0.0729. 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 |
| = | 0.0729 | |
| 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
Fidelity Asset Manager is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
16.95 of Maximum Drawdown per Variance. At
16.95 , Fidelity Asset Manager'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 FIDELITY ASSET to Peers
Other Technical Indicators