Victory Integrity Variance
| MMEAX Fund | | | USD 44.23 -0.89 -1.97% |
The Variance profile for Victory Integrity Discovery is based on historical price and volume observations. All inputs reflect available trading data across supported markets. Diversification context is available through
Correlation Analysis. Allocation context can improve visibility into portfolio balance. A position in Victory Integrity Discovery is part of the allocation. It is reflected in the overall portfolio structure. 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 nation.
Victory Integrity Discovery has current Variance of 1.41. 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 |
| = | 1.41 | |
| 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
Victory Integrity Discovery is rated
fourth in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
3.79 of Maximum Drawdown per Variance. At
3.79 , Victory Integrity Discovery'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 Victory Integrity to Peers
Other Technical Indicators