LEADER SHORT-TERM Variance
| LCCMX Fund | | | USD 8.01 -0.01 -0.12% |
The Variance profile for Leader Short Term Bond is based on historical price and volume observations. All inputs reflect available trading data across supported markets.
Correlation Analysis provides context for diversified portfolio construction. All values are presented as reference data. Tracking Leader Short Term Bond in a portfolio provides context for performance attribution. Sector and industry exposure becomes visible in the portfolio breakdown. Broader economic conditions can influence Leader Short Term Bond's mutual fund valuation — related indicators include
signals in state.
Leader Short Term Bond has current Variance of 0.0647. 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 |
| = | 0.0647 | |
| 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
Leader Short Term Bond is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
30.19 of Maximum Drawdown per Variance. At
30.19 , Leader Short Term Bond'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 LEADER SHORT-TERM to Peers
Other Technical Indicators