Overlay Shares Variance
| OVLH Etf | | | USD 38.66 0.17 0.44% |
The Variance technical lookup provides context for Overlay Shares Hedged and related instruments. Availability can vary by instrument;
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Your Equity Center to better understand diversified portfolio construction. Additional portfolio transparency improves capital positioning. The allocation includes a position in Overlay Shares Hedged within the portfolio 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 state.
Overlay Shares Hedged has current Variance of 0.2637. 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 |
| = | 0.2637 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Overlay Shares Variance Peers Comparison
Overlay Variance Relative To Other Indicators
Overlay Shares Hedged is rated
below average for variance across ETF peers. It is currently under evaluation for maximum drawdown across ETF peers recording roughly
9.24 in Maximum Drawdown for every unit of Variance. Maximum Drawdown outpaces Variance by
9.24 times for Overlay Shares Hedged
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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