BlackRock Advantage Variance
| MLRKX Fund | | | USD 23.59 -0.09 -0.38% |
The Variance reading for BlackRock Advantage Large is computed from historical trading observations. Indicator reliability depends on the continuity of available trading data.
Correlation Analysis frames the approach to diversified portfolio design. The portfolio structure determines how individual positions contribute to the whole. Portfolio tools allow users to monitor BlackRock Advantage Large alongside other positions. How positions are weighted depends on the construction approach applied. Broader economic conditions can influence BlackRock Advantage Large's mutual fund valuation — related indicators include
signals in industry.
BlackRock Advantage Large has current Variance of 0.6328. 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 |
| = | 0.6328 | |
| 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
BlackRock Advantage Large ranks first in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
5.81 of Maximum Drawdown per Variance. At
5.81 , BlackRock Advantage Large'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 BlackRock Advantage to Peers
Other Technical Indicators