STATE STREET Variance
| SSCJX Fund | | | USD 15.02 -0.10 -0.66% |
The Variance technical lookup provides context for State Street Target and related instruments. Data availability can vary by region and feed;
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World Market Map provides context for diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This reflects a position in State Street Target inside the allocation mix. 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 bureau of economic analysis.
State Street Target has current Variance of 0.5375. 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 |
| = | 0.5375 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
STATE STREET Variance Peers Comparison
STATE Variance Relative To Other Indicators
State Street Target is rated
second in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
10.39 of Maximum Drawdown per Variance. At
10.39 , State Street Target'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.
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