MUZINICH Variance
| MZHIX Fund | | | USD 7.92 -0.01 -0.13% |
Technical inputs supporting the Variance indicator for Muzinich High Yield are shown here. Additional screening context is available through
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Correlation Analysis to understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. The allocation shows a weighting toward Muzinich High Yield. The position is captured in the allocation summary. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.
Muzinich High Yield has current Variance of 0.02. 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 |
| = | 0.02 | |
| 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
Muzinich High Yield is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
31.43 of Maximum Drawdown per Variance. At
31.42 , Muzinich High Yield'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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