ProShares UltraPro Variance
| UDOW Etf | | | USD 52.21 -3.30 -5.94% |
This technical indicator view for Variance organizes signals for ProShares UltraPro Dow30 and comparable instruments. Data availability can vary by region and feed;
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ProShares UltraPro Dow30 has current Variance of 5.2. 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 |
| = | 5.2 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
ProShares UltraPro Variance Peers Comparison
ProShares Variance Relative To Other Indicators
ProShares UltraPro Dow30 is regarded as the highest-ranked etf in variance as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
2.34 of Maximum Drawdown per Variance. The ratio of Maximum Drawdown to Variance for ProShares UltraPro Dow30 is roughly
2.34 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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