HOTCHKIS WILEY Variance
| HWAIX Fund | | | USD 40.20 -0.48 -1.18% |
The Variance calculation for HOTCHKIS WILEY draws on price and volume history. The depth of trading history affects the precision of the indicator. Portfolio design and allocation context appear in
Risk vs Return Analysis. The view supports a broader understanding of portfolio structure. The allocation shows a weighting toward Hotchkis Wiley Value. The sizing of each position reflects the overall allocation strategy. 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 gross domestic product.
Hotchkis Wiley Value has current Variance of 0.7753. 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 |
| = | 0.7753 | |
| 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
Hotchkis Wiley Value is rated
fifth in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
6.04 of Maximum Drawdown per Variance. At
6.04 , Hotchkis Wiley Value'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 HOTCHKIS WILEY to Peers
Other Technical Indicators