Automatic Data Variance
| ADP Stock | | | EUR 182.50 1.06 0.58% |
Technical inputs supporting the Variance indicator for Automatic Data Processing are shown here. Cross-instrument Variance comparisons are available via
Equity Screeners. Automatic Data has a market cap of 73.72 B, operating margin of 26.28%, ROE of 73.84%.
Trending Equities adds portfolio-level perspective. This reflects a position in Automatic Data Processing. It is distributed across the allocation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Automatic Data Processing has current Variance of 3.37. 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 |
| = | 3.37 | |
| 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
Automatic Data Processing is rated
below average in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
2.39 Maximum Drawdown per unit of Variance. Automatic Data Processing carries a
2.39 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 Automatic Data to Peers
Other Technical Indicators