PACE LARGE Variance
| PLAAX Fund | | | USD 12.03 -0.23 -1.88% |
The Variance reading for Pace Large Growth is computed from historical trading observations. Normalization methods and data feeds may affect reported values.
Your Equity Center provides a view into diversified allocation design. Diversification analysis considers the interaction of positions within a portfolio. A position in Pace Large Growth is part of the allocation. This appears in the portfolio view. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.
Pace Large Growth has current Variance of 0.7365. 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 |
| = | 0.7365 | |
| 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
Pace Large Growth ranks first in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
5.35 of Maximum Drawdown per Variance. At
5.35 , Pace Large Growth'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 PACE LARGE to Peers
Other Technical Indicators