Leuthold Core Variance
| LCR ETF | | | USD 38.90 -0.23 -0.59% |
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 Leuthold Core's current Variance with peer comparisons and related risk metrics.
Current Variance Value
At 0.3947, Leuthold Core exhibits low price variability in Variance. This places Leuthold Core at the lower end of the volatility range for ETF.
Variance | = | SUM(RET DEV)2N |
| = | 0.3947 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Relative to peers, Leuthold Core's Variance is below the group average of 1.96. Peer readings range from 0.2561 (Innovator SAMPP 500) to 8.72 (ProShares Ultra Oil), reflecting wide dispersion across the sector. Leuthold Core has exhibited less price dispersion than the peer average over the measured period.
Variance Relative To Other Indicators
The chart below plots Variance against Maximum Drawdown for Leuthold Core 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.
Leuthold Core's Variance reads
0.39 while Maximum Drawdown reads
2.79 , a
7.06 ratio between the two. This indicates Maximum Drawdown substantially exceeds Variance for Leuthold Core.
Methodology, Assumptions & Data Sources
Leuthold Core has a current Variance reading of 0.3947. Variance for Leuthold Core is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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