WisdomTree Efficient Variance
| GDMN Etf | | | USD 92.93 4.75 5.39% |
The Variance reading for WisdomTree Efficient Gold is computed from historical trading observations. Normalization methods and data feeds may affect reported values.
Risk vs Return Analysis provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. WisdomTree Efficient Gold can be evaluated within a portfolio framework for weight and risk impact. This information is provided for contextual purposes. Broader economic conditions can influence WisdomTree Efficient Gold's etf valuation — related indicators include
signals in state.
WisdomTree Efficient Gold has current Variance of 26.77. 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 |
| = | 26.77 | |
| 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
WisdomTree Efficient Gold takes the leading position in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
1.08 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for WisdomTree Efficient Gold sits at
1.08 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 WisdomTree Efficient to Peers
Other Technical Indicators