First Trust Variance
| FDHCX Fund | | | USD 17.73 -0.06 -0.34% |
First Trust variance lookup summarizes this and related technical indicators for First Trust Short. Some instruments may have limited coverage due to data differences;
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First Trust Short has current Variance of 0.0163. 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 |
| = | 0.0163 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
First Trust Variance Peers Comparison
First Variance Relative To Other Indicators
First Trust Short currently holds the
# 5 position in variance among similar funds. It is currently under evaluation. in maximum drawdown among similar funds reporting about
41.22 of Maximum Drawdown per Variance. The ratio of Maximum Drawdown to Variance for First Trust Short is roughly
41.22 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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