Goldman Sachs Variance
| GGUS Etf | | | 58.46 -0.57 -0.97% |
This module presents the Variance indicator for Goldman Sachs ETF using available market inputs. The underlying data comes from exchange-reported trading records.
Risk vs Return Analysis frames the approach to diversified portfolio design. This view summarizes available data without implying outcomes. Portfolio tools allow users to monitor Goldman Sachs ETF alongside other positions. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence Goldman Sachs ETF's etf valuation — related indicators include
signals in manufacturing.
Goldman Sachs ETF has current Variance of 0.9413. 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 |
| = | 0.9413 | |
| 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
Goldman Sachs ETF maintains a
fifth standing in variance across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
4.90 of Maximum Drawdown per Variance. For Goldman Sachs ETF, Maximum Drawdown stands at
4.90 times Variance
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 Goldman Sachs to Peers
Other Technical Indicators