SPDR Bloomberg Variance
| TBIL Etf | | | USD 118.96 0.07 0.06% |
The Variance lookup presents technical context for SPDR Bloomberg 1 3 and related instruments. Availability can vary by instrument;
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signals in inflation.
SPDR Bloomberg 1 3 has current Variance of 0.0022. 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 |
| = | 0.0022 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
SPDR Bloomberg Variance Peers Comparison
SPDR Variance Relative To Other Indicators
SPDR Bloomberg 1 3 is rated
below average for variance relative to ETF peers. It is rated
below average for maximum drawdown relative to ETF peers reflecting a
145.55 ratio of Maximum Drawdown to Variance. SPDR Bloomberg 1 3's Maximum Drawdown exceeds Variance by a factor of
145.55 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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