Cars Variance
| CK3 Stock | | | EUR 6.50 -0.15 -2.26% |
This technical indicator view for Variance organizes signals for Cars Inc and comparable instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Cars has a market cap of 381.14 M, operating margin of 11.82%, ROE of 4.08%. See
Trending Equities for portfolio-level analysis. This suggests a position in Cars Inc within the portfolio mix. 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.
Cars Inc has current Variance of 10.65. 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 |
| = | 10.65 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Cars Variance Peers Comparison
Cars Variance Relative To Other Indicators
Cars Inc ranks
third among stocks in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
1.71 Maximum Drawdown per unit of Variance. Cars Inc carries a
1.71 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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