IShares Jantzi Variance
| XEN Etf | | | CAD 47.83 -0.72 -1.48% |
The Variance calculation for IShares Jantzi draws on price and volume history. Data availability for the calculation period determines indicator completeness. Review
Your Current Watchlist for context on portfolio diversification. Allocation structure reflects how positions are distributed across the portfolio. This captures an allocation to iShares Jantzi Social. This is part of the broader portfolio composition. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
iShares Jantzi Social has current Variance of 0.9837. 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 |
| = | 0.9837 | |
| 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
iShares Jantzi Social lands at
#5 in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
5.19 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for iShares Jantzi Social sits at
5.19 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 IShares Jantzi to Peers
Other Technical Indicators