Energy Select Variance
| XLE Etf | | | USD 60.68 -0.16 -0.26% |
The Variance reading for Energy Select Sector is computed from historical trading observations. Extended technical indicator views are accessible through
Equity Screeners. Energy Select has a market cap of 17.19 B. Review
Your Current Watchlist for broader portfolio context. Including Energy Select Sector in a portfolio enables allocation and risk analysis. The information is presented without directional commentary. Broader economic conditions can influence Energy Select Sector's etf valuation — related indicators include
signals in board of governors.
Energy Select Sector has current Variance of 1.63. 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 |
| = | 1.63 | |
| 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
Energy Select Sector leads all etfs for variance among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Variance ratio near
3.32 . The Maximum Drawdown to Variance ratio for Energy Select Sector comes in at
3.32 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 Energy Select to Peers
Other Technical Indicators