Invesco Dynamic Variance
| PKB Etf | | | USD 98.19 0.11 0.11% |
Reference data associated with the Variance technical indicator for Invesco Dynamic Building. Some instruments may provide partial coverage depending on trading history.
Invesco Dynamic Building has current Variance of 2.25. 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 |
| = | 2.25 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Invesco Dynamic Variance Peers Comparison
Invesco Variance Relative To Other Indicators
Invesco Dynamic Building is rated
second in variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
3.21 of Maximum Drawdown per Variance. At
3.21 , Invesco Dynamic Building'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.
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