GUIDEPATH(R) GROWTH Variance
| GPSTX Fund | | | USD 19.57 -0.11 -0.56% |
Observed values used in the Variance indicator for Guidepath Growth Allocation are included in this dataset. Comparable indicator datasets are structured within
Equity Screeners.
Risk vs Return Analysis frames the approach to diversified portfolio design. The view supports a broader understanding of portfolio structure. Monitoring Guidepath Growth Allocation within a portfolio highlights how it interacts with other holdings. Rebalancing tools flag when weights drift from target allocations. Broader economic conditions can influence Guidepath Growth Allocation's mutual fund valuation — related indicators include
signals in population.
Guidepath Growth Allocation has current Variance of 1.04. 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 |
| = | 1.04 | |
| 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
Guidepath Growth Allocation is rated
fourth in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
6.22 of Maximum Drawdown per Variance. At
6.22 , Guidepath Growth Allocation'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 GUIDEPATH(R) GROWTH to Peers
Other Technical Indicators