Array Digital Variance
| AD Stock | | | 45.42 -1.37 -2.93% |
The Variance indicator for Array Digital Infrastructure is derived from observed market data. The dataset is based on observed market activity where data is available. Some instruments may report limited inputs depending on trading history. Broader indicator relationships are reflected within
Equity Screeners. Array Digital has a market cap of 3.92 B, operating margin of 16.12%, ROE of 4.8%. For allocation context, review
Trending Equities. Allocation details are provided as informational context. Allocation context is based on the most recent position data. A position in Array Digital Infrastructure is part of the allocation. This appears in the portfolio view. Portfolio construction methods define how positions are sized. This content does not constitute investment advice or a recommendation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in median.
Array Digital Infrastructure has current Variance of 3.87. 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 |
| = | 3.87 | |
| 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
Array Digital Infrastructure holds the
#4 position for variance relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers with a Maximum Drawdown-to-Variance ratio near
2.79 . The Maximum Drawdown to Variance ratio for Array Digital Infrastructure comes in at
2.79 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.
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