Fidelity Quality Variance
| FQAL Etf | | | USD 73.88 -0.41 -0.55% |
Fidelity Quality variance lookup summarizes this and related technical indicators for Fidelity Quality Factor. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Use
Investing Opportunities to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Fidelity Quality Factor within the portfolio mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Fidelity Quality Factor has current Variance of 0.5293. 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 |
| = | 0.5293 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Fidelity Quality Variance Peers Comparison
Fidelity Variance Relative To Other Indicators
Fidelity Quality Factor carries a
third ranking for variance within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group where Maximum Drawdown runs almost
7.37 per Variance. Fidelity Quality Factor's Maximum Drawdown registers at
7.37 relative to Variance
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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