MEDICAL EQUIPMENT Variance
| FSMEX Fund | | | USD 51.52 0.07 0.14% |
Observed values used in the Variance indicator for Medical Equipment And are included in this dataset. Data coverage may vary across sources and reporting intervals. Review
Investing Opportunities for context on portfolio diversification. All metrics are derived from available inputs and shown for reference. Portfolio analysis tools can evaluate how Medical Equipment And fits within a broader allocation. All values are presented as reference data. Broader economic conditions can influence Medical Equipment And's mutual fund valuation — related indicators include
signals in median.
Medical Equipment And has current Variance of 1.33. 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 |
| = | 1.33 | |
| 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
Medical Equipment And is rated
third in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
4.24 of Maximum Drawdown per Variance. At
4.24 , Medical Equipment And'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 MEDICAL EQUIPMENT to Peers
Other Technical Indicators