Banking Portfolio Variance
| FSRBX Fund | | | USD 32.55 0.46 1.43% |
Observed values used in the Variance indicator for Banking Portfolio Banking are included in this dataset. For broader technical screening across instruments, see
Equity Screeners. For portfolio construction context, review
Investing Opportunities. The construction of a diversified portfolio involves managing position exposure. This captures an allocation to Banking Portfolio Banking. This is part of the broader portfolio composition. 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 bureau of labor statistics.
Banking Portfolio Banking has current Variance of 1.94. 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 |
| = | 1.94 | |
| 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
Banking Portfolio Banking is rated
second in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
4.17 of Maximum Drawdown per Variance. At
4.17 , Banking Portfolio Banking'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 Banking Portfolio to Peers
Other Technical Indicators