First Trust Variance
| XDEC Etf | | | USD 40.27 -0.20 -0.49% |
The Variance profile for First Trust Exchange Traded is based on historical price and volume observations. Related screening structures are referenced through
Equity Screeners. Portfolio design and allocation context appear in
Your Current Watchlist. Portfolio-level transparency adds depth to allocation analysis. Tracking First Trust Exchange Traded in a portfolio helps measure its contribution to overall performance. All values are presented as reference data. Broader economic conditions can influence First Trust Exchange Traded's etf valuation — related indicators include
signals in median.
First Trust Exchange Traded has current Variance of 0.1362. 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 |
| = | 0.1362 | |
| 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
First Trust Exchange Traded is rated
below average for variance among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Variance ratio near
11.38 . The Maximum Drawdown to Variance ratio for First Trust Exchange Traded comes in at
11.38 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 First Trust to Peers
Other Technical Indicators