MID-CAP VALUE Variance
| MLPSX Fund | | | USD 90.21 -1.49 -1.62% |
The Variance indicator for Mid Cap Value Profund is derived from observed market data. The dataset is based on observed market activity where data is available. Some instruments may report limited inputs depending on trading history.
Correlation Analysis frames the approach to diversified portfolio design. The view supports a broader understanding of portfolio structure. Allocation structure reflects how positions are distributed across the portfolio. This information is provided for contextual purposes. The holding in Mid Cap Value Profund represents an allocation. It is represented within the portfolio holdings. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in population.
Mid Cap Value Profund has current Variance of 0.8584. 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 |
| = | 0.8584 | |
| 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
Mid Cap Value Profund ranks first in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
5.51 of Maximum Drawdown per Variance. At
5.51 , Mid Cap Value Profund'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 MID-CAP VALUE to Peers
Other Technical Indicators