WESTCORE PLUS Variance
| WIIBX Fund | | | USD 9.32 -0.07 -0.75% |
The Variance reading for Westcore Plus Bond is computed from historical trading observations. Values reflect historical observations within the available dataset. Normalization methods and data feeds may affect reported values. Review
Your Current Watchlist for context on portfolio diversification. Portfolio-level transparency adds depth to allocation analysis. Allocation structure reflects how positions are distributed across the portfolio. This reflects a position in Westcore Plus Bond. It is distributed across the allocation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Westcore Plus Bond has current Variance of 0.0502. 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 |
| = | 0.0502 | |
| 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
Westcore Plus Bond is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
21.06 of Maximum Drawdown per Variance. At
21.06 , Westcore Plus Bond'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 WESTCORE PLUS to Peers
Other Technical Indicators