Eidesvik Offshore Variance
| EIOF Stock | | | NOK 15.55 0.20 1.30% |
The Variance reading for Eidesvik Offshore ASA is computed from historical trading observations. Each data point is derived from standardized price and volume feeds. Eidesvik Offshore has a market cap of 745.8 M, operating margin of 5.1%, ROE of 51.94%. Portfolio-level context is available through
Investing Opportunities. The portfolio structure is presented for analytical context. Portfolio data reflects current holdings and their weights. This dataset reflects observed data and is not advisory in nature. This includes a position in Eidesvik Offshore ASA. The position sits inside the allocation mix. Portfolio construction methods define how positions are sized. The content reflects structured data inputs rather than subjective analysis. 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.
Eidesvik Offshore ASA has current Variance of 2.57. 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 |
| = | 2.57 | |
| 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
Eidesvik Offshore ASA 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
2.95 per Variance. Eidesvik Offshore ASA's Maximum Drawdown registers at
2.95 relative to 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.
Compare Eidesvik Offshore to Peers
Other Technical Indicators