KraneShares Bosera Variance
| KBA Etf | | | USD 29.68 -0.45 -1.49% |
This module presents the Variance indicator for KraneShares Bosera MSCI using available market inputs. The underlying data comes from exchange-reported trading records. Coverage differences may occur across instruments and market segments. This dataset is part of a broader indicator framework including
Equity Screeners.
Correlation Analysis provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in KraneShares Bosera MSCI. The allocation reflects this within the position set. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
KraneShares Bosera MSCI has current Variance of 0.783. 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 |
| = | 0.783 | |
| 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
KraneShares Bosera MSCI is rated
below average in variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
5.42 of Maximum Drawdown per Variance. At
5.42 , KraneShares Bosera MSCI'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 KraneShares Bosera to Peers
Other Technical Indicators