SIIT LARGE Variance
| SCPAX Fund | | | USD 10.53 -0.01 -0.09% |
Technical inputs supporting the Variance indicator for Siit Large Cap are shown here. Values are derived from historical price and volume observations. Availability can differ across markets, exchanges, and instruments. Additional screening context is available through
Equity Screeners. For portfolio construction context, review
World Market Map. Clearer exposure analysis supports long-term portfolio balance. Allocation decisions are shaped by the composition and weighting of holdings. The holding in Siit Large Cap represents an allocation. This is situated within the portfolio mix. The weighting is determined by the allocation framework in use. Reported data is organized for reference and does not imply a course of action. 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.
Siit Large Cap has current Variance of 3.4. 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 |
| = | 3.4 | |
| 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
Siit Large Cap ranks first in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
4.61 of Maximum Drawdown per Variance. At
4.61 , Siit Large Cap'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 SIIT LARGE to Peers
Other Technical Indicators