Precision BioSciences Variance
| DTIL Stock | | | USD 6.52 -0.20 -2.98% |
Observed values used in the Variance indicator for Precision BioSciences are included in this dataset. The information is based on observed market data across timeframes. Data coverage may vary across sources and reporting intervals. Precision BioSciences has a market cap of 161.22 M, operating margin of 36.57%, ROE of -62.71%. Allocation context is available in
Investing Opportunities. Portfolio composition is shown for contextual purposes. The summary draws on available position and value data. This suggests a position in Precision BioSciences. The position sits inside the allocation mix. Position sizing reflects the allocation methodology applied to the portfolio. This information is provided for contextual purposes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
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Precision BioSciences has current Variance of 20.51. 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 |
| = | 20.51 | |
| 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
Precision BioSciences is rated
below average for variance within its peer group. It is currently under evaluation for maximum drawdown within its peer group where Maximum Drawdown runs almost
0.93 per Variance. Precision BioSciences's Variance registers at
1.08 relative to Maximum Drawdown
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 Precision BioSciences to Peers
Other Technical Indicators