FlexShares Quality Variance
| QLC Etf | | | USD 78.81 0.45 0.57% |
Technical inputs supporting the Variance indicator for FlexShares Quality Large are shown here. Cross-instrument Variance comparisons are available via
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Your Equity Center. Diversification context is built from the relationships between portfolio holdings. Tracking FlexShares Quality Large in a portfolio provides context for performance attribution. Sector and industry exposure becomes visible in the portfolio breakdown. Broader economic conditions can influence FlexShares Quality Large's etf valuation — related indicators include
signals in board of governors.
FlexShares Quality Large has current Variance of 0.6906. 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 |
| = | 0.6906 | |
| 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
FlexShares Quality Large holds the
#4 position for variance among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Variance ratio near
6.77 . The Maximum Drawdown to Variance ratio for FlexShares Quality Large comes in at
6.77 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 FlexShares Quality to Peers
Other Technical Indicators