BMO Covered Variance
| ZWB Etf | | | CAD 24.51 -0.39 -1.57% |
Technical inputs supporting the Variance indicator for BMO Covered Call are shown here. Availability can differ across markets, exchanges, and instruments. Use
Your Current Watchlist to explore diversified allocation structure. The overall portfolio profile is shaped by the distribution of its holdings. This suggests a position in BMO Covered Call. The position sits inside the allocation mix. 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.
BMO Covered Call has current Variance of 0.7285. 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 |
| = | 0.7285 | |
| 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
BMO Covered Call lands at
#4 in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
5.46 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for BMO Covered Call sits at
5.46 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 BMO Covered to Peers
Other Technical Indicators