SEI Exchange Variance
| SEIM Etf | | | USD 46.20 -0.03 -0.06% |
The Variance indicator for SEI Exchange is constructed from normalized market data. Some instruments may report limited inputs depending on trading history. Use
World Market Map to better understand diversified portfolio construction. This view summarizes available data without implying outcomes. SEI Exchange Traded can be added to a watchlist or portfolio for position tracking. All values are based on available data and provided as reference information. Broader economic conditions can influence SEI Exchange Traded's etf valuation — related indicators include
signals in gross domestic product.
SEI Exchange Traded has current Variance of 1.36. 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 |
| = | 1.36 | |
| 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
SEI Exchange Traded takes the leading position in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
4.03 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for SEI Exchange Traded sits at
4.03 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.
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