SavvyShort Geared Variance
This dataset for SavvyShort Geared Natural reflects inputs used in the Variance calculation. Values are derived from historical price and volume observations. Data coverage may vary across sources and reporting intervals.
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Risk vs Return Analysis to better understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. Allocation decisions are shaped by the composition and weighting of holdings. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
SavvyShort Geared Natural has current Variance of 125.69. 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 |
| = | 125.69 | |
| 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
SavvyShort Geared Natural takes the leading position in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
0.59 in Maximum Drawdown for each unit of Variance. The spread between Variance and Maximum Drawdown for SavvyShort Geared Natural sits at
1.69 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 SavvyShort Geared to Peers
Other Technical Indicators