Invesco NASDAQ Variance
| QQQS ETF | | | USD 42.28 0.73 1.76% |
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 Invesco NASDAQ's current Variance with peer comparisons and related risk metrics.
Current Variance Value
Invesco NASDAQ carries a Variance of 3.46, consistent with moderate price variability. This places Invesco NASDAQ within the typical volatility range for ETF.
Variance | = | SUM(RET DEV)2N |
| = | 3.46 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Invesco NASDAQ's Variance of 3.46 falls above the 3.33 peer average. Values range from 0.0184 (Build Funds Trust) to 18.49 (Direxion Daily Dow), with wide dispersion across the group. Invesco NASDAQ 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 Invesco NASDAQ 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.
Comparing Variance (
3.46 ) to Maximum Drawdown (
7.55 ) for Invesco NASDAQ yields a
2.18 multiple. This indicates Maximum Drawdown is significantly higher than Variance for Invesco NASDAQ.
Methodology, Assumptions & Data Sources
The current Variance for Invesco NASDAQ is 3.46. The Variance for Invesco NASDAQ is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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