Cicor Technologies Variance
| CICN Stock | | | CHF 124.50 1.50 1.22% |
Observed values used to calculate the Variance technical indicator for Cicor Technologies. Certain instruments may report limited data depending on market coverage.
Cicor Technologies has current Variance of 23.94. 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 |
| = | 23.94 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Cicor Technologies Variance Peers Comparison
Cicor Variance Relative To Other Indicators
Cicor Technologies stands at number one for variance across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
1.26 ratio of Maximum Drawdown to Variance. Cicor Technologies's Maximum Drawdown exceeds Variance by a factor of
1.26 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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