3Dx Industries Variance
| DDDX Stock | | | USD 0.01 -0.0005 -6.25% |
Observed values used to calculate the Variance technical indicator for 3Dx Industries. Technical inputs may vary across markets and data providers.
3Dx Industries has current Variance of 848.16. 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 |
| = | 848.16 | |
| 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
3Dx Industries is rated
below average in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
0.20 of Maximum Drawdown per Variance. At
5.01 , 3Dx Industries's Variance-to-Maximum Drawdown multiple reflects the spread between these metrics
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 3Dx Industries to Peers
Other Technical Indicators