Hamilton Enhanced Variance
| HFIN Etf | | | 24.63 -0.38 -1.52% |
The Variance reading for Hamilton Enhanced Canadian is computed from historical trading observations. Values reflect historical observations within the available dataset. Normalization methods and data feeds may affect reported values. Broader indicator relationships are reflected within
Equity Screeners. Use
Risk vs Return Analysis to better understand diversified portfolio construction. The diversification view provides additional analytical depth. Position sizing and allocation together define the portfolio construction approach. All content is derived from available inputs and carries no advisory implication. The allocation includes a position in Hamilton Enhanced Canadian. The position falls within the allocation view. The sizing of each position reflects the overall allocation strategy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Hamilton Enhanced Canadian has current Variance of 1.01. 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 |
| = | 1.01 | |
| 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
Hamilton Enhanced Canadian lands at
#4 in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
4.72 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Hamilton Enhanced Canadian sits at
4.73 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 Hamilton Enhanced to Peers
Other Technical Indicators