SPDR Portfolio Variance
| SPBO Etf | | | USD 28.98 -0.12 -0.41% |
The Variance calculation for SPDR Portfolio draws on price and volume history. Each data point is derived from standardized price and volume feeds. The depth of trading history affects the precision of the indicator. Related screening structures are referenced through
Equity Screeners.
World Market Map frames the approach to diversified portfolio design. The view supports a broader understanding of portfolio structure. This reflects a position in SPDR Portfolio Corporate. It is distributed across the allocation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
SPDR Portfolio Corporate has current Variance of 0.0614. 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 |
| = | 0.0614 | |
| 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
SPDR Portfolio Corporate is rated
below average in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
17.86 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for SPDR Portfolio Corporate sits at
17.86 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 SPDR Portfolio to Peers
Other Technical Indicators