MULTIMANAGER LIFESTYLE Variance
| JQLBX Fund | | | USD 13.36 -0.22 -1.62% |
Technical inputs supporting the Variance indicator for Multimanager Lifestyle Balanced are shown here. The information is based on observed market data across timeframes. Diversification context is available through
Risk vs Return Analysis. Diversification context helps frame allocation across holdings. The allocation shows a weighting toward Multimanager Lifestyle Balanced. The sizing of each position reflects the overall allocation strategy. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.
Multimanager Lifestyle Balanced has current Variance of 1.59. 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 |
| = | 1.59 | |
| 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
Multimanager Lifestyle Balanced ranks first in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
6.51 of Maximum Drawdown per Variance. At
6.51 , Multimanager Lifestyle Balanced'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 MULTIMANAGER LIFESTYLE to Peers
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