Nushares ETF Variance
| NUDV Etf | | | USD 30.84 -0.40 -1.28% |
Nushares ETF variance lookup summarizes this and related technical indicators for Nushares ETF Trust. Some instruments may have limited coverage due to data differences;
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Correlation Analysis to better understand diversified portfolio construction. Additional portfolio transparency improves capital positioning. This includes a position in Nushares ETF Trust across the allocation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.
Nushares ETF Trust has current Variance of 0.4335. 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 |
| = | 0.4335 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Nushares ETF Variance Peers Comparison
Nushares Variance Relative To Other Indicators
Nushares ETF Trust is rated
below average for variance relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
7.52 ratio of Maximum Drawdown to Variance. Nushares ETF Trust's Maximum Drawdown exceeds Variance by a factor of
7.52 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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