Fidelity Advisor Variance
| FHCIX Fund | | | USD 62.15 -0.42 -0.67% |
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 Fidelity Advisor's current Variance with peer comparisons and related risk metrics.
Current Variance Value
Fidelity Advisor carries a Variance of 1.4, consistent with moderate price variability. This places Fidelity Advisor within the typical volatility range for Fidelity Investments Funds.
Variance | = | SUM(RET DEV)2N |
| = | 1.4 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Relative to peers, Fidelity Advisor's Variance is above the group average of 1.25. Peer readings range from 0.0569 (Vanguard Massachusetts Tax Exempt) to 2.05 (Fidelity Worldwide Fund), reflecting wide dispersion across the sector. Fidelity Advisor 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 Fidelity Advisor 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.
Fidelity Advisor's Maximum Drawdown of
5.28 runs about
3.77 times its Variance of
1.40 . This indicates Maximum Drawdown is significantly higher than Variance for Fidelity Advisor.
Methodology, Assumptions & Data Sources
Fidelity Advisor has a current Variance reading of 1.4. Fidelity Advisor's Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Fidelity Advisor operates in the health sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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