ProShares UltraShort Variance
| ZSL Etf | | | USD 28.58 3.43 13.64% |
The Variance indicator for ProShares UltraShort Silver is derived from observed market data. The calculation draws on time-series market data across available periods. Exchange-specific data schedules may affect the recency of readings. For broader technical screening across instruments, see
Equity Screeners. Portfolio design and allocation context appear in
Your Current Watchlist. The view supports a broader understanding of portfolio structure. The allocation includes a position in ProShares UltraShort Silver. It is distributed across the allocation. The weighting is determined by the allocation framework in use. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in population.
ProShares UltraShort Silver has current Variance of 151.32. 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 |
| = | 151.32 | |
| 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
ProShares UltraShort Silver sits atop the peer group for variance within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group where Maximum Drawdown runs almost
0.43 per Variance. ProShares UltraShort Silver's Variance registers at
2.31 relative to Maximum Drawdown
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 ProShares UltraShort to Peers
Other Technical Indicators