IShares Morningstar Variance
| IMCG Etf | | | USD 79.40 -0.02 -0.03% |
IShares Morningstar variance lookup summarizes this and related technical indicators for iShares Morningstar Mid Cap. Some instruments may have limited coverage due to data differences;
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iShares Morningstar Mid Cap has current Variance of 1.06. 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 |
| = | 1.06 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
IShares Morningstar Variance Peers Comparison
IShares Variance Relative To Other Indicators
iShares Morningstar Mid Cap ranks
third among etfs in variance relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs at roughly
5.18 Maximum Drawdown per unit of Variance. iShares Morningstar Mid Cap carries a
5.18 x Maximum Drawdown-to-Variance ratio
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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