First Trust Variance
| FHQ Etf | | | CAD 105.68 -0.43 -0.41% |
Reference data associated with the Variance technical indicator for First Trust AlphaDEX. Values may reflect normalized price or volume observations.
First Trust AlphaDEX has current Variance of 2.24. 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 |
| = | 2.24 | |
| 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
First Trust AlphaDEX lands at
#2 in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
3.30 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for First Trust AlphaDEX sits at
3.30 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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Other Technical Indicators