Invesco RAFI Variance
| IUS ETF | | | USD 57.60 -0.61 -1.05% |
This module presents the Variance indicator for Invesco RAFI Strategic using available market inputs. The underlying data comes from exchange-reported trading records. Review
Risk vs Return Analysis to understand diversified portfolio construction. All values are presented as reference data. Tracking Invesco RAFI Strategic in a portfolio helps measure its contribution to overall performance. Position weights are derived from the selected portfolio construction methodology. Broader economic conditions can influence Invesco RAFI Strategic's ETF valuation — related indicators include
signals in manufacturing.
Invesco RAFI Strategic has current Variance of 0.452. 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 |
| = | 0.452 | |
| 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
Invesco RAFI Strategic is rated
below average in variance across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
6.67 of Maximum Drawdown per Variance. For Invesco RAFI Strategic, Maximum Drawdown stands at
6.67 times Variance
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 Invesco RAFI to Peers
Other Technical Indicators