Allison Transmission Variance
| ALSN Stock | | | USD 114.63 -0.03 -0.03% |
The Variance signal for Allison Transmission Holdings reflects patterns observed in trading data. Availability can differ across markets, exchanges, and instruments. Allison Transmission has a market cap of 9.21 B, operating margin of 27.33%, current ratio of 1.72. Review
Trending Equities for broader portfolio context. Allison Transmission Holdings can be included in a portfolio to evaluate diversification impact. All values are based on available data and provided as reference information. Broader economic conditions can influence Allison Transmission Holdings's company valuation — related indicators include
signals in main economic indicators.
Allison Transmission Holdings has current Variance of 2.66. 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 |
| = | 2.66 | |
| 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
Allison Transmission Holdings is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
3.26 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Allison Transmission Holdings sits at
3.26 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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