Fidelity Income Variance
| FRAMX Fund | | | USD 58.43 -0.55 -0.93% |
Observed values used in the Variance indicator for Fidelity Income Replacement are included in this dataset. The underlying data comes from exchange-reported trading records.
Investing Opportunities provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. A position in Fidelity Income Replacement is indicated here. It is reflected in the overall portfolio structure. 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 state.
Fidelity Income Replacement has current Variance of 0.0686. 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 |
| = | 0.0686 | |
| 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 Income Replacement is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
16.59 of Maximum Drawdown per Variance. At
16.59 , 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.
Compare Fidelity Income to Peers
Other Technical Indicators