FIDELITY INCOME Variance
| FIRVX Fund | | | USD 57.89 -0.19 -0.33% |
The Variance lookup presents technical context for Fidelity Income Replacement and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context.
Investing Opportunities provides context for diversified portfolio design. Clearer exposure analysis supports long-term portfolio balance. The allocation includes a position in Fidelity Income Replacement in the portfolio view. 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 private.
Fidelity Income Replacement has current Variance of 0.0995. 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 |
| = | 0.0995 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
FIDELITY INCOME Variance Peers Comparison
FIDELITY Variance Relative To Other Indicators
Fidelity Income Replacement is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
16.85 of Maximum Drawdown per Variance. At
16.85 , Fidelity Income Replacement'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.
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