Formidable ETF Variance
| FORH Etf | | | USD 24.30 0.00 0.00% |
The Variance indicator for Formidable ETF is derived from observed market data. Exchange-specific data schedules may affect the recency of readings. For portfolio construction context, review
Investing Opportunities. Allocation decisions are shaped by the composition and weighting of holdings. Formidable ETF can be added to a watchlist or portfolio for position tracking. The dataset reflects available inputs without directional implication. Broader economic conditions can influence Formidable ETF's etf valuation — related indicators include
signals in real.
Our
How to Trade Formidable ETF guide. The guide covers key considerations relevant to Formidable Etf order placement. It provides context that complements the data on this page for Formidable ETF.
Formidable ETF has current Variance of 0.8924. 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 |
| = | 0.8924 | |
| 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
Formidable ETF is rated
below average for variance across ETF peers. It is currently under evaluation for maximum drawdown across ETF peers recording roughly
5.60 in Maximum Drawdown for every unit of Variance. Maximum Drawdown outpaces Variance by
5.60 times for Formidable ETF
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 Formidable ETF to Peers
Other Technical Indicators