Invesco Exchange Variance
| QVMS Etf | | | USD 29.28 -0.09 -0.31% |
The Variance technical lookup provides context for Invesco Exchange Traded and related instruments. Availability can vary by instrument;
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Your Equity Center provides context for diversified portfolio construction. Refined allocation visibility enhances overall portfolio context. This reflects a position in Invesco Exchange Traded within the allocation view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in state.
Invesco Exchange Traded has current Variance of 1.05. 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 |
| = | 1.05 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Invesco Exchange Variance Peers Comparison
Invesco Variance Relative To Other Indicators
Invesco Exchange Traded maintains a
third standing in variance across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
4.88 of Maximum Drawdown per Variance. For Invesco Exchange Traded, Maximum Drawdown stands at
4.88 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.
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