PIMCO COMMODITIESPLUS Variance
| PCLIX Fund | | | USD 8.88 0.08 0.91% |
The Variance calculation for PIMCO COMMODITIESPLUS draws on price and volume history. Each data point is derived from standardized price and volume feeds. Use
Your Equity Center to better understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. A position in PIMCO Moditiesplus Strategy appears within the mix. The allocation reflects this within the position set. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
PIMCO Moditiesplus Strategy has current Variance of 2.12. 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 |
| = | 2.12 | |
| 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
PIMCO Moditiesplus Strategy ranks first in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
3.73 of Maximum Drawdown per Variance. At
3.73 , PIMCO Moditiesplus Strategy'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.
Compare PIMCO COMMODITIESPLUS to Peers
Other Technical Indicators