Prudential Short Variance
| PSTQX Fund | | | USD 10.76 -0.03 -0.28% |
The Variance indicator for Prudential Short is constructed from normalized market data. The depth of trading history affects the precision of the indicator.
Your Equity Center provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. A position in Prudential Short Term Porate appears within the mix. The relative size of each holding follows the allocation framework. 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 producer price index.
Prudential Short Term Porate has current Variance of 0.0165. 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 |
| = | 0.0165 | |
| 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
Prudential Short Term Porate is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
39.20 of Maximum Drawdown per 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 Prudential Short to Peers
Other Technical Indicators