JAMES ALPHA Variance
| JARIX Fund | | | USD 14.53 -0.11 -0.75% |
This module presents the Variance indicator for James Alpha Global using available market inputs. The
Equity Screeners framework provides wider technical analysis context. For portfolio construction context, review
Risk vs Return Analysis. The construction of a diversified portfolio involves managing position exposure. Portfolio analysis tools can evaluate how James Alpha Global fits within a broader allocation. The dataset reflects available inputs without directional implication. Broader economic conditions can influence James Alpha Global's mutual fund valuation — related indicators include
signals in gross domestic product.
James Alpha Global has current Variance of 0.6491. 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 |
| = | 0.6491 | |
| 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
James Alpha Global is rated
fifth in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
7.64 of Maximum Drawdown per Variance. At
7.64 , James Alpha Global'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 JAMES ALPHA to Peers
Other Technical Indicators