Nuveen ESG Variance
| NUSC ETF | | | USD 44.53 -0.93 -2.05% |
The Variance calculation for Nuveen ESG draws on price and volume history. Related screening structures are referenced through
Equity Screeners.
Correlation Analysis provides context for diversified portfolio design. Refined allocation visibility enhances overall portfolio context. Portfolio tools allow users to monitor Nuveen ESG Small Cap alongside other positions. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence Nuveen ESG Small Cap's ETF valuation — related indicators include
signals in main economic indicators.
Nuveen ESG Small Cap has current Variance of 1.19. 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 |
| = | 1.19 | |
| 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
Nuveen ESG Small Cap holds the
#3 position for variance among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Variance ratio near
4.42 . The Maximum Drawdown to Variance ratio for Nuveen ESG Small Cap comes in at
4.42 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 Nuveen ESG to Peers
Other Technical Indicators