IShares Dow Variance
| IYY Etf | | | USD 157.75 -2.40 -1.50% |
The Variance calculation for IShares Dow draws on price and volume history. All inputs are based on actual trading observations from supported exchanges. IShares Dow has a market cap of 797.45 M. For allocation context, review
Risk vs Return Analysis. Portfolio positioning is summarized for reference. The allocation shows a weighting toward iShares Dow Jones. The weighting is visible within the allocation breakdown. 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 private.
iShares Dow Jones has current Variance of 0.5834. 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 |
| = | 0.5834 | |
| 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
iShares Dow Jones is rated
below average in variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
6.31 of Maximum Drawdown per Variance. At
6.31 , iShares Dow Jones'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 IShares Dow to Peers
Other Technical Indicators