IShares Global Variance
| SHIR Etf | | | 4.27 -0.01 -0.23% |
Observed values used to calculate the Variance technical indicator for iShares Global Aggregate. Values may reflect normalized price or volume observations.
iShares Global Aggregate has current Variance of 0.0536. 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 |
| = | 0.0536 | |
| 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
iShares Global Aggregate is rated
below average for variance relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
21.62 ratio of Maximum Drawdown to Variance. iShares Global Aggregate's Maximum Drawdown exceeds Variance by a factor of
21.62 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 IShares Global to Peers
Other Technical Indicators