IShares ESG Variance
| GEQT Etf | | | CAD 74.11 -0.37 -0.50% |
The Variance signal for iShares ESG Equity reflects patterns observed in trading data. Indicator reliability depends on the continuity of available trading data.
Risk vs Return Analysis provides context for diversified portfolio design. This view summarizes available data without implying outcomes. iShares ESG Equity can be evaluated within a portfolio framework for weight and risk impact. This enables performance tracking across the full position set. Broader economic conditions can influence iShares ESG Equity's etf valuation — related indicators include
signals in inflation.
iShares ESG Equity has current Variance of 1.05. 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 |
| = | 1.05 | |
| 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 Equity lands at
#4 in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
4.53 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for iShares ESG Equity sits at
4.53 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