Wabmsx Variance
| WABMSX Fund | | | 18.56 0.16 0.87% |
Historical market data for Wabmsx forms the basis of the Variance indicator shown here. The indicator computation uses normalized market activity data. Diversification context is available through
Your Current Watchlist. Diversified allocation aims to distribute exposure across multiple positions. Including Wabmsx in a portfolio enables allocation and risk analysis. Each holding is sized according to the methodology applied during portfolio construction. Broader economic conditions can influence Wabmsx's fund valuation — related indicators include
signals in state.
Wabmsx has current Variance of 0.646. 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 |
| = | 0.646 | |
| 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
Wabmsx is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
6.26 of Maximum Drawdown per Variance. At
6.26 , Wabmsx'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 Wabmsx to Peers
Other Technical Indicators