PennantPark Investment Variance
| 12P Stock | | | EUR 3.94 -0.02 -0.51% |
This module presents the Variance indicator for PennantPark Investment using available market inputs. Exchange-specific data schedules may affect the recency of readings. PennantPark Investment has a market cap of 402.53 M, current ratio of 1.04. See
Trending Equities for additional portfolio context. Including PennantPark Investment in a portfolio enables allocation and risk analysis. Each holding is sized according to the methodology applied during portfolio construction. Broader economic conditions can influence PennantPark Investment's company valuation — related indicators include
signals in state.
For information on how to trade PennantPark Stock refer to our
How to Invest in PennantPark Investment guide. It explains the process for buying and trading PennantPark Stock effectively.
PennantPark Investment has current Variance of 5.98. 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.
Variance | = | SUM(RET DEV)2N |
| = | 5.98 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
PennantPark Investment ranks
third among stocks in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
2.08 Maximum Drawdown per unit of Variance. PennantPark Investment carries a
2.08 x Maximum Drawdown-to-Variance ratio
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare PennantPark Investment to Peers
Other Technical Indicators