Invesco SAMPPTSX Variance
| TLV ETF | | | CAD 40.48 0.22 0.55% |
The Variance indicator for Invesco SAMPPTSX is constructed from normalized market data. The
Equity Screeners module supports multi-indicator technical analysis.
World Market Map provides context for diversified portfolio construction. All metrics are derived from available inputs and shown for reference. Invesco SAMPPTSX Composite can be evaluated within a portfolio framework for weight and risk impact. All values are presented as reference data. Broader economic conditions can influence Invesco SAMPPTSX Composite's ETF valuation — related indicators include
signals in state.
Invesco SAMPPTSX Composite has current Variance of 0.2891. 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 |
| = | 0.2891 | |
| 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
Invesco SAMPPTSX Composite is rated
below average in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
9.23 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Invesco SAMPPTSX Composite sits at
9.23 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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