EVENTIDE GLOBAL Variance
| ETCDX Fund | | | USD 21.91 0.18 0.83% |
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. Below is EVENTIDE GLOBAL's current Variance with peer comparisons and related risk metrics.
Current Variance Value
The Variance of 1.29 for EVENTIDE GLOBAL indicates moderate price variability. This places EVENTIDE GLOBAL within the typical volatility range for Mutual Fund Funds.
Variance | = | SUM(RET DEV)2N |
| = | 1.29 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
EVENTIDE GLOBAL's Variance of 1.29 falls above the 1.03 peer average. Values range from 0.0162 (Diversified Tax Exempt) to 2.41 (Fidelity Diversified International), with wide dispersion across the group. EVENTIDE GLOBAL has exhibited greater price dispersion than the peer average over the measured period.
Variance Relative To Other Indicators
The chart below plots Variance against Maximum Drawdown for Eventide Global and its peers. Each point represents one equity — position along the horizontal axis shows Variance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
EVENTIDE GLOBAL's Maximum Drawdown of
5.24 runs about
4.07 times its Variance of
1.29 . This indicates Maximum Drawdown is significantly higher than Variance for EVENTIDE GLOBAL.
Methodology, Assumptions & Data Sources
EVENTIDE GLOBAL's Variance currently stands at 1.29. EVENTIDE GLOBAL's Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. The output reflects the selected calculation window — changing the horizon will produce different readings. This fund metric is provided for analytical reference.
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