ULTRASHORT JAPAN Variance
| UKPIX Fund | | | USD 17.96 -0.88 -4.67% |
The Variance signal for Ultrashort Japan Profund reflects patterns observed in trading data. The
Equity Screeners module supports multi-indicator technical analysis. For portfolio construction context, review
World Market Map. Allocation decisions are shaped by the composition and weighting of holdings. Ultrashort Japan Profund can be added to a watchlist or portfolio for position tracking. Position allocation is driven by the portfolio construction model in use. Broader economic conditions can influence Ultrashort Japan Profund's mutual fund valuation — related indicators include
signals in gross domestic product.
Ultrashort Japan Profund has current Variance of 11.28. 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 |
| = | 11.28 | |
| 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
Ultrashort Japan Profund ranks first in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
1.40 of Maximum Drawdown per Variance. At
1.40 , Ultrashort Japan Profund's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
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 ULTRASHORT JAPAN to Peers
Other Technical Indicators