GUGGENHEIM FLOATING Variance
| GIFIX Fund | | | USD 23.02 0.02 0.09% |
Observed values used in the Variance indicator for Guggenheim Floating Rate are included in this dataset. For broader technical screening across instruments, see
Equity Screeners. Portfolio design and allocation context appear in
Risk vs Return Analysis. All metrics are derived from available inputs and shown for reference. Guggenheim Floating Rate can be added to a watchlist or portfolio for position tracking. Position weights are derived from the selected portfolio construction methodology. Broader economic conditions can influence Guggenheim Floating Rate's mutual fund valuation — related indicators include
signals in gross domestic product.
Guggenheim Floating Rate has current Variance of 0.0194. 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 |
| = | 0.0194 | |
| 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
Guggenheim Floating Rate is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
44.70 of Maximum Drawdown per Variance. At
44.70 , Guggenheim Floating Rate's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
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 GUGGENHEIM FLOATING to Peers
Other Technical Indicators