John Hancock Variance
| PDT Etf | | | USD 13.00 0.03 0.23% |
This module presents the Variance indicator for John Hancock Premium using available market inputs. Coverage differences may occur across instruments and market segments. John Hancock has a market cap of 779.35 M, operating margin of 81.04%, current ratio of 0.04. Allocation context is available in
Your Equity Center. Tracking John Hancock Premium in a portfolio provides context for performance attribution. The relative size of each holding follows the selected allocation framework. Broader economic conditions can influence John Hancock Premium's etf valuation — related indicators include
signals in unemployment.
John Hancock Premium has current Variance of 0.389. 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 |
| = | 0.389 | |
| 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
John Hancock Premium is rated
below average in variance across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
9.15 of Maximum Drawdown per Variance. For John Hancock Premium, Maximum Drawdown stands at
9.15 times Variance
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 John Hancock to Peers
Other Technical Indicators