Digital Turbine Variance
| APPS Stock | | | USD 2.96 -0.18 -5.73% |
The Variance indicator for Digital Turbine is constructed from normalized market data. The
Equity Screeners module supports multi-indicator technical analysis. Digital Turbine has a market cap of 374.09 M, operating margin of 14.32%, current ratio of 1.17. Allocation context is available in
Trending Equities. Digital Turbine can be included in a portfolio to evaluate diversification impact. The dataset reflects available inputs without directional implication. Broader economic conditions can influence Digital Turbine's company valuation — related indicators include
signals in employment.
Researching Digital Stock? See our
How to Buy Digital Turbine guide.
Digital Turbine has current Variance of 12.9. 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 |
| = | 12.9 | |
| 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
Digital Turbine is rated
below average in variance relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
1.54 of Maximum Drawdown per Variance. For Digital Turbine, Maximum Drawdown stands at
1.54 times Variance
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 Digital Turbine to Peers
Other Technical Indicators