Alpha Pro Variance
| APL Stock | | | EUR 3.94 0.08 2.07% |
The Variance indicator for Alpha Pro Tech is derived from observed market data. The dataset is based on observed market activity where data is available. Alpha Pro has a market cap of 40.13 M, operating margin of 6.87%, current ratio of 13.11. See
Trending Equities for additional portfolio context. Portfolio tools allow users to monitor Alpha Pro Tech alongside other positions. How positions are weighted depends on the construction approach applied. Broader economic conditions can influence Alpha Pro Tech's company valuation — related indicators include
signals in inflation.
Alpha Pro Tech has current Variance of 4.63. 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 |
| = | 4.63 | |
| 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
Alpha Pro Tech ranks
fifth among stocks in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
2.19 Maximum Drawdown per unit of Variance. Alpha Pro Tech carries a
2.19 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.
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Other Technical Indicators