Tax-Free Conservative Variance
| TFCAX Fund | | | USD 10.00 0.02 0.20% |
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 Tax-Free Conservative's current Variance with peer comparisons and related risk metrics.
Current Variance Value
At 0.0018, Tax-Free Conservative's Variance indicates low price variability. This places Tax-Free Conservative at the lower end of the volatility range for SEI Funds.
Variance | = | SUM(RET DEV)2N |
| = | 0.0018 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Tax-Free Conservative falls below the 0.06 peer average for Variance. Pioneer High Yield leads at 0.0756 while Chartwell Short Duration registers the lowest at 0.0203. Tax-Free Conservative 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 Tax Free 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.
Tax-Free Conservative's Maximum Drawdown of
0.20 runs about
111.78 times its Variance of
0.00 . This indicates Maximum Drawdown substantially exceeds Variance for Tax-Free Conservative.
Methodology, Assumptions & Data Sources
Tax-Free Conservative has a current Variance reading of 0.0018. Tax-Free Conservative'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. Tax-Free Conservative operates in the high yield muni 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.
Other Technical Indicators