Fidelity China Variance
| FHKCX Fund | | | USD 59.93 1.09 1.85% |
This dataset for Fidelity China Region reflects inputs used in the Variance calculation. Data availability for the calculation period determines indicator completeness.
Investing Opportunities provides context for diversified portfolio construction. The portfolio structure determines how individual positions contribute to the whole. Adding Fidelity China Region to a portfolio enables side-by-side comparison with other holdings. The dataset reflects available inputs without directional implication. Broader economic conditions can influence Fidelity China Region's mutual fund valuation — related indicators include
signals in discontinued.
Fidelity China Region has current Variance of 2.13. 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 |
| = | 2.13 | |
| 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 China Region is rated
third in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
3.66 of Maximum Drawdown per Variance. At
3.66 , Fidelity China Region'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 China to Peers
Other Technical Indicators