Innovator Equity Variance
| XTJL ETF | | | USD 38.04 -0.51 -1.32% |
The Variance calculation for Innovator Equity draws on price and volume history. The depth of trading history affects the precision of the indicator. Review
Your Current Watchlist for context on portfolio diversification. Portfolio construction reflects how positions are combined across holdings. Tracking Innovator Equity Accelerated in a portfolio helps measure its contribution to overall performance. Allocation tools help determine appropriate position sizing. Broader economic conditions can influence Innovator Equity Accelerated's ETF valuation — related indicators include
signals in bureau of economic analysis.
Innovator Equity Accelerated has current Variance of 0.2717. 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 |
| = | 0.2717 | |
| 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
Innovator Equity Accelerated is rated
below average for variance within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group where Maximum Drawdown runs almost
8.94 per Variance. Innovator Equity Accelerated's Maximum Drawdown registers at
8.94 relative to Variance
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 Innovator Equity to Peers
Other Technical Indicators