CLPS Variance
| CLPS Stock | | | USD 1.05 0.03 2.94% |
This technical indicator view for Variance organizes signals for CLPS Inc and comparable instruments. Some instruments may have limited coverage due to data differences;
Equity Screeners lists screening tools. CLPS has a market cap of 30.49 M, operating margin of 0.75%, ROE of -10.24%. See
Trending Equities for portfolio-level analysis. This suggests a position in CLPS Inc across the allocation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
CLPS Inc has current Variance of 21.43. 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 |
| = | 21.43 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
CLPS Variance Peers Comparison
CLPS Variance Relative To Other Indicators
CLPS Inc is rated
below average in variance relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
1.62 of Maximum Drawdown per Variance. For CLPS Inc, Maximum Drawdown stands at
1.62 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.
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