SYSTEMAIR Variance
| 52SA Stock | | | 6.49 -0.09 -1.37% |
The Variance profile for SYSTEMAIR AB is based on historical price and volume observations. Coverage may vary depending on data availability and normalization methods. SYSTEMAIR has a market cap of 1.35 B, ROE of 11.87%. Use
Trending Equities to explore allocation context. This captures an allocation to SYSTEMAIR AB. How positions are weighted depends on the construction approach used. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
SYSTEMAIR AB has current Variance of 2.6. 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 |
| = | 2.6 | |
| 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
SYSTEMAIR AB is rated
below average in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
3.41 Maximum Drawdown per unit of Variance. SYSTEMAIR AB carries a
3.41 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 SYSTEMAIR to Peers
Other Technical Indicators