STRATEGIC ASSET Variance
| SAIPX Fund | | | USD 12.50 -0.15 -1.19% |
Technical inputs supporting the Variance indicator for Strategic Asset Management are shown here. The information is based on observed market data across timeframes. Coverage differences may occur across instruments and market segments. Cross-instrument Variance comparisons are available via
Equity Screeners. Diversification context is available through
World Market Map. Allocation context can improve visibility into portfolio balance. A position in Strategic Asset Management appears within the mix. The allocation reflects this within the position set. 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 employment.
Strategic Asset Management has current Variance of 0.7198. 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 |
| = | 0.7198 | |
| 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
Strategic Asset Management is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
9.93 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 STRATEGIC ASSET to Peers
Other Technical Indicators