Salient Alternative Variance
| SABAX Fund | | | USD 11.73 -0.12 -1.01% |
Observed values used in the Variance indicator for Salient Alternative Beta are included in this dataset. The information is based on observed market data across timeframes.
World Market Map provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. Diversification analysis considers the interaction of positions within a portfolio. All values are presented as reference data. This reflects a position in Salient Alternative Beta. It is distributed across the allocation. The allocation approach determines the relative weighting of each position. 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 nation.
Salient Alternative Beta has current Variance of 0.414. 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 |
| = | 0.414 | |
| 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
Salient Alternative Beta is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
7.83 of Maximum Drawdown per Variance. At
7.83 , Salient Alternative Beta'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 Salient Alternative to Peers
Other Technical Indicators