ASTRA INTERNATIONAL Variance
| ASJA Stock | | | EUR 0.31 0.00 0.00% |
The Variance reading for ASTRA INTERNATIONAL is computed from historical trading observations. Each data point is derived from standardized price and volume feeds.
Trending Equities provides context for diversified portfolio design. Additional portfolio transparency improves capital positioning. The holding in ASTRA INTERNATIONAL represents an allocation. This is situated within the portfolio mix. The weighting is determined by the allocation framework in use. All figures are based on reported data and are informational in nature. 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.
ASTRA INTERNATIONAL has current Variance of 7.42. 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 |
| = | 7.42 | |
| 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
ASTRA INTERNATIONAL maintains a
fourth standing in variance relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
3.10 of Maximum Drawdown per Variance. For ASTRA INTERNATIONAL, Maximum Drawdown stands at
3.10 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 ASTRA INTERNATIONAL to Peers
Other Technical Indicators