IShares ESG Variance
| GCNS Etf | | | CAD 47.84 -0.08 -0.17% |
The Variance indicator for iShares ESG Conservative is derived from observed market data. Exchange-specific data schedules may affect the recency of readings. Portfolio design and allocation context appear in
Risk vs Return Analysis. Portfolio-level transparency adds depth to allocation analysis. A position in iShares ESG Conservative appears within the mix. The allocation reflects this within the position set. 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.
iShares ESG Conservative has current Variance of 0.2011. 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 |
| = | 0.2011 | |
| 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
iShares ESG Conservative is rated
below average in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
10.98 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for iShares ESG Conservative sits at
10.98 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 IShares ESG to Peers
Other Technical Indicators