Simplify Exchange Variance
| MTBA Etf | | | 49.78 -0.05 -0.10% |
Simplify Exchange variance lookup summarizes this and related technical indicators for Simplify Exchange Traded. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Use
Correlation Analysis to better understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This includes a position in Simplify Exchange Traded inside the allocation mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Simplify Exchange Traded has current Variance of 0.0209. 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 |
| = | 0.0209 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Simplify Exchange Variance Peers Comparison
Simplify Variance Relative To Other Indicators
Simplify Exchange Traded is rated
below average in variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
33.45 of Maximum Drawdown per Variance. At
33.44 , Simplify Exchange Traded'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.
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