PRUDENTIAL QMA Variance
| SDVRX Fund | | | USD 28.29 0.38 1.36% |
The Variance indicator for Prudential Qma Mid Cap is derived from observed market data. Exchange-specific data schedules may affect the recency of readings. Diversification context is available through
World Market Map. Diversification context helps frame allocation across holdings. Monitoring Prudential Qma Mid Cap within a portfolio highlights how it interacts with other holdings. Allocation models determine the relative weighting of each position in the portfolio. Broader economic conditions can influence Prudential Qma Mid Cap's mutual fund valuation — related indicators include
signals in real.
Prudential Qma Mid Cap has current Variance of 0.7579. 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 |
| = | 0.7579 | |
| 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
Prudential Qma Mid Cap is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
5.48 of Maximum Drawdown per Variance. At
5.48 , Prudential Qma Mid 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 PRUDENTIAL QMA to Peers
Other Technical Indicators