IShares STOXX Variance
| STEC Etf | | | 6.10 -0.14 -2.24% |
The Variance signal for iShares STOXX Europe reflects patterns observed in trading data. All inputs are based on actual trading observations from supported exchanges. Indicator reliability depends on the continuity of available trading data. Portfolio design and allocation context appear in
World Market Map. Portfolio-level transparency adds depth to allocation analysis. Position sizing and allocation together define the portfolio construction approach. This view summarizes available data without implying outcomes. A position in iShares STOXX Europe appears within the mix. The allocation reflects this within the position set. Position sizing reflects the allocation methodology applied to the portfolio. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
iShares STOXX Europe has current Variance of 2.85. 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 |
| = | 2.85 | |
| 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 STOXX Europe earns the top ranking in variance across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
2.92 of Maximum Drawdown per Variance. For iShares STOXX Europe, Maximum Drawdown stands at
2.92 times Variance
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 STOXX to Peers
Other Technical Indicators