IShares Expanded Variance
| IGM Etf | | | USD 125.53 0.43 0.34% |
IShares Expanded variance lookup summarizes this and related technical indicators for iShares Expanded Tech. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. IShares Expanded has a market cap of 2.3 B. Use
Risk vs Return Analysis to explore allocation context. This includes a position in iShares Expanded Tech in the portfolio view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.
iShares Expanded Tech has current Variance of 1.78. 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 |
| = | 1.78 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
IShares Expanded Variance Peers Comparison
IShares Variance Relative To Other Indicators
iShares Expanded Tech is ranked
third relative to etfs in variance as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
3.30 of Maximum Drawdown per Variance. The ratio of Maximum Drawdown to Variance for iShares Expanded Tech is roughly
3.30 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.
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