Eastern Variance
| EML Stock | | | USD 19.82 -0.82 -3.97% |
The Variance signal for Eastern Co reflects patterns observed in trading data. Indicator reliability depends on the continuity of available trading data. Eastern has a market cap of 119.75 M, operating margin of 4.38%, current ratio of 2.97. Allocation context is available in
Investing Opportunities. Portfolio analysis tools can evaluate how Eastern Co fits within a broader allocation. Performance attribution breaks down contribution by individual holding. Broader economic conditions can influence Eastern Co's company valuation — related indicators include
signals in state.
Eastern Co has current Variance of 5.52. 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 |
| = | 5.52 | |
| 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
Eastern Co 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
1.90 per Variance. Eastern Co's Maximum Drawdown registers at
1.90 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.
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