Consumer Staples Variance
| XLP Etf | | | USD 81.99 0.81 1.00% |
The Variance signal for Consumer Staples Select reflects patterns observed in trading data. Comparable indicator datasets are structured within
Equity Screeners. Consumer Staples has a market cap of 15.9 B. Allocation context is available in
Your Current Watchlist. Consumer Staples Select can be added to a watchlist or portfolio for position tracking. Position allocation is driven by the portfolio construction model in use. Broader economic conditions can influence Consumer Staples Select's etf valuation — related indicators include
signals in board of governors.
Consumer Staples Select has current Variance of 0.8117. 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 |
| = | 0.8117 | |
| 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
Consumer Staples Select is ranked
fifth for variance among related ETFs. It is currently under evaluation for maximum drawdown among related ETFs with Maximum Drawdown measuring nearly
5.40 against Variance. Maximum Drawdown runs about
5.40 times Variance for Consumer Staples Select
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 Consumer Staples to Peers
Other Technical Indicators