JPMORGAN CORE Variance
| WOBDX Fund | | | USD 10.35 0.04 0.39% |
Technical inputs supporting the Variance indicator for JPMorgan E Bond are shown here. Coverage differences may occur across instruments and market segments. Review
Your Current Watchlist for context on portfolio diversification. This information is provided for contextual purposes. Portfolio tools allow users to monitor JPMorgan E Bond alongside other positions. All values are based on available data and provided as reference information. Broader economic conditions can influence JPMorgan E Bond's mutual fund valuation — related indicators include
signals in unemployment.
JPMorgan E Bond has current Variance of 0.0581. 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 |
| = | 0.0581 | |
| 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
JPMorgan E Bond is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
21.55 of Maximum Drawdown per Variance. At
21.55 , JPMorgan E 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.
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