Fidelity Strategic Variance
| FSDIX Fund | | | USD 18.24 -0.31 -1.67% |
Observed values used in the Variance indicator for Fidelity Strategic Dividend are included in this dataset. Comparable indicator datasets are structured within
Equity Screeners.
Investing Opportunities provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. This suggests a position in Fidelity Strategic Dividend. Position weights are derived from the portfolio construction methodology. 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 gross domestic product.
Fidelity Strategic Dividend has current Variance of 0.3142. 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 |
| = | 0.3142 | |
| 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 Strategic Dividend is rated
fifth in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
9.82 of Maximum Drawdown per Variance. At
9.82 , Fidelity Strategic Dividend'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 Strategic to Peers
Other Technical Indicators