First Trust Variance
| FXR Etf | | | USD 79.47 -1.40 -1.73% |
The Variance profile for First Trust IndustrialsProducer is based on historical price and volume observations. Related screening structures are referenced through
Equity Screeners. Diversification context is available through
Investing Opportunities. Diversified allocation aims to distribute exposure across multiple positions. A position in First Trust IndustrialsProducer appears within the mix. The position is captured in the allocation summary. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.
First Trust IndustrialsProducer has current Variance of 1.51. 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 |
| = | 1.51 | |
| 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
First Trust IndustrialsProducer is ranked
second for variance among related ETFs. It is currently under evaluation for maximum drawdown among related ETFs with Maximum Drawdown measuring nearly
3.89 against Variance. Maximum Drawdown runs about
3.89 times Variance for First Trust IndustrialsProducer
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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Other Technical Indicators