Aberdeen Gbl Variance
| GLLAX Fund | | | USD 16.99 -0.60 -3.41% |
The Variance indicator for Aberdeen Gbl is constructed from normalized market data. Values reflect historical observations within the available dataset. For portfolio construction context, review
Risk vs Return Analysis. Clearer exposure analysis supports long-term portfolio balance. Allocation decisions are shaped by the composition and weighting of holdings. The information is analytical in nature and is not intended as a specific recommendation. This reflects a position in Aberdeen Gbl Eq. This is situated within the portfolio mix. The allocation framework shapes how individual positions are weighted. The dataset reflects available inputs without directional implication. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Aberdeen Gbl Eq has current Variance of 2.37. 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 |
| = | 2.37 | |
| 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
Aberdeen Gbl Eq is rated
fourth in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
3.68 of Maximum Drawdown per Variance. At
3.68 , Aberdeen Gbl Eq'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 Aberdeen Gbl to Peers
Other Technical Indicators