LeaderSharesTM AlphaFactor Variance
| LSAF Etf | | | USD 45.82 0.84 1.87% |
Observed values used in the Variance indicator for LeaderSharesTM AlphaFactor Core are included in this dataset. The information is based on observed market data across timeframes. Use
Correlation Analysis to better understand diversified portfolio construction. The diversification view provides additional analytical depth. Tracking LeaderSharesTM AlphaFactor Core in a portfolio helps measure its contribution to overall performance. Position sizing depends on the allocation methodology selected for the portfolio. Broader economic conditions can influence LeaderSharesTM AlphaFactor Core's etf valuation — related indicators include
signals in nation.
LeaderSharesTM AlphaFactor Core has current Variance of 0.8646. 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 |
| = | 0.8646 | |
| 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
LeaderSharesTM AlphaFactor Core is rated
below average in variance relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs at roughly
5.87 Maximum Drawdown per unit of Variance. LeaderSharesTM AlphaFactor Core carries a
5.87 x Maximum Drawdown-to-Variance ratio
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 LeaderSharesTM AlphaFactor to Peers
Other Technical Indicators