FinEx Physically Variance vs. Jensen Alpha
| FXGD Etf | | | EUR 2.88 -0.03 -1.03% |
Observed values used to calculate the this indicator technical indicator for FinEx Physically Gold. Availability may differ across exchanges, markets, and reporting intervals.
FinEx Physically Gold has current Variance of 3.23. 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 |
| = | 3.23 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
FinEx Physically Variance Peers Comparison
FinEx Variance Relative To Other Indicators
FinEx Physically Gold maintains a
second standing in variance across the ETF category. It is currently under evaluation in jensen alpha across the ETF category yielding
0.09 of Jensen Alpha per Variance. For FinEx Physically Gold, Variance stands at
11.75 times Jensen Alpha
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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