ProShares Ultra Variance
| UWM Etf | | | USD 46.67 -2.09 -4.29% |
The Variance lookup presents technical context for ProShares Ultra Russell2000 and related instruments. Availability can vary by instrument;
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ProShares Ultra Russell2000 has current Variance of 5.07. 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 |
| = | 5.07 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
ProShares Ultra Variance Peers Comparison
ProShares Variance Relative To Other Indicators
ProShares Ultra Russell2000 takes the leading position in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
2.29 in Maximum Drawdown for each unit of Variance.
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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