Fidelity Dividend Variance
| FCRR Etf | | | CAD 50.24 -0.06 -0.12% |
The Variance lookup presents technical context for Fidelity Dividend for and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context.
Investing Opportunities provides context for diversified portfolio design. Additional portfolio transparency improves capital positioning. This suggests a position in Fidelity Dividend for inside the allocation mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Fidelity Dividend for has current Variance of 0.9863. 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 |
| = | 0.9863 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Fidelity Dividend Variance Peers Comparison
Fidelity Variance Relative To Other Indicators
Fidelity Dividend for lands at
#4 in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
6.44 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Fidelity Dividend for sits at
6.44 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.
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