ProShares UltraShort Variance
| SDD Etf | | | USD 12.42 0.49 4.11% |
The Variance signal for ProShares UltraShort SmallCap600 reflects patterns observed in trading data. All inputs are based on actual trading observations from supported exchanges. Review
World Market Map to understand diversified portfolio construction. Portfolio construction reflects how positions are combined across holdings. This captures an allocation to ProShares UltraShort SmallCap600. This is part of the broader portfolio composition. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in median.
ProShares UltraShort SmallCap600 has current Variance of 4.78. 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 |
| = | 4.78 | |
| 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
ProShares UltraShort SmallCap600 holds the
#5 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
2.01 . The Maximum Drawdown to Variance ratio for ProShares UltraShort SmallCap600 comes in at
2.01 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 ProShares UltraShort to Peers
Other Technical Indicators