Now Variance
| DNOW Stock | | | USD 11.55 -0.25 -2.12% |
The Variance calculation for Now draws on price and volume history. Data availability for the calculation period determines indicator completeness. Now has a market cap of 2.15 B, operating margin of 1.15%, ROE of -5.23%. Allocation context is available in
Investing Opportunities. A position in Now Inc is indicated here. This is part of the broader portfolio composition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Now Inc has current Variance of 11.54. 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 |
| = | 11.54 | |
| 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
Now Inc falls in the
fifth position for variance across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
2.03 ratio of Maximum Drawdown to Variance. Now Inc's Maximum Drawdown exceeds Variance by a factor of
2.03 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 Now to Peers
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