JPMorgan Municipal Variance
| JMUB Etf | | | USD 50.43 -0.04 -0.08% |
This module presents the Variance indicator for JPMorgan Municipal using available market inputs. The underlying data comes from exchange-reported trading records. Review
Risk vs Return Analysis to understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. Diversified allocation aims to distribute exposure across multiple positions. This includes a position in JPMorgan Municipal. The position sits inside the allocation mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in persons.
JPMorgan Municipal has current Variance of 0.0149. 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 |
| = | 0.0149 | |
| 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
JPMorgan Municipal is rated
below average in variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
47.56 of Maximum Drawdown per Variance. At
47.56 , JPMorgan Municipal'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 JPMorgan Municipal to Peers
Other Technical Indicators