IShares Thematic Variance
| THRO Etf | | | 36.34 -0.55 -1.49% |
Technical inputs supporting the Variance indicator for iShares Thematic Rotation are shown here. The information is based on observed market data across timeframes. Coverage differences may occur across instruments and market segments. Diversification context is available through
World Market Map. Allocation context can improve visibility into portfolio balance. Diversification context is built from the relationships between portfolio holdings. This view summarizes available data without implying outcomes. This reflects a position in iShares Thematic Rotation. It is distributed across the allocation. The allocation approach determines the relative weighting of each position. The dataset is presented as structured reference material for independent review. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
iShares Thematic Rotation has current Variance of 0.7118. 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 |
| = | 0.7118 | |
| 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 Thematic Rotation is rated
below average in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
5.26 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for iShares Thematic Rotation sits at
5.26 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 Thematic to Peers
Other Technical Indicators