PIMCO COMMODITIESPLUS Variance
| PCPCX Fund | | | USD 6.87 0.07 1.03% |
Observed values used to calculate the Variance technical indicator for PIMCO Moditiesplus Strategy. Indicator inputs depend on available historical price observations.
PIMCO Moditiesplus Strategy has current Variance of 2.04. 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 |
| = | 2.04 | |
| 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
3.80 of Maximum Drawdown per Variance. At
3.80 , 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
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