ALPS Sector Variance
| SDOG ETF | | | USD 64.30 -0.37 -0.57% |
The Variance signal for ALPS Sector Dividend reflects patterns observed in trading data. All values reflect available price and volume data across reporting intervals.
World Market Map provides context for diversified portfolio design. Portfolio balance depends on how holdings are weighted relative to each other. ALPS Sector Dividend can be tracked within a custom portfolio for ongoing monitoring. Each holding is sized according to the methodology applied during portfolio construction. Broader economic conditions can influence ALPS Sector Dividend's ETF valuation — related indicators include
signals in metropolitan statistical area.
ALPS Sector Dividend has current Variance of 0.5834. 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 |
| = | 0.5834 | |
| 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
ALPS Sector Dividend is rated
below average in variance relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs at roughly
5.77 Maximum Drawdown per unit of Variance. ALPS Sector Dividend carries a
5.77 x Maximum Drawdown-to-Variance ratio
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 ALPS Sector to Peers
Other Technical Indicators