SIMT MID Variance
| SIPIX Fund | | | USD 26.91 -0.54 -1.97% |
The Variance indicator for SIMT MID is constructed from normalized market data. All inputs reflect available trading data across supported markets. Some instruments may report limited inputs depending on trading history.
World Market Map frames the approach to diversified portfolio design. Refined allocation visibility enhances overall portfolio context. The portfolio structure determines how individual positions contribute to the whole. The dataset reflects available inputs without directional implication. This captures an allocation to Simt Mid Cap. It is represented within the portfolio holdings. The allocation framework shapes how individual positions are weighted. The information is analytical in nature and is not intended as a specific recommendation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Simt Mid Cap has current Variance of 12.0. 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 |
| = | 12.0 | |
| 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
Simt Mid Cap ranks first in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
2.42 of Maximum Drawdown per Variance. At
2.42 , Simt 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 SIMT MID to Peers
Other Technical Indicators