Eurofins Scientific Variance
| ERFSF Stock | | | USD 72.62 0.51 0.71% |
The Variance reading for Eurofins Scientific SE is computed from historical trading observations. Values reflect historical observations within the available dataset. Normalization methods and data feeds may affect reported values. Broader indicator relationships are reflected within
Equity Screeners. Eurofins Scientific has a market cap of 13.82 B, operating margin of 16.56%, ROE of 15.21%.
Investing Opportunities adds portfolio-level perspective. The view frames allocation within the broader portfolio. Composition figures are derived from reported holdings. No forward-looking guarantees are expressed or implied by this data. The allocation includes a position in Eurofins Scientific SE. The position falls within the allocation view. The sizing of each position reflects the overall allocation strategy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
Eurofins Scientific SE has current Variance of 9.72. 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 |
| = | 9.72 | |
| 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
Eurofins Scientific SE is rated
below average in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
1.45 Maximum Drawdown per unit of Variance. Eurofins Scientific SE carries a
1.45 x Maximum Drawdown-to-Variance ratio
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 Eurofins Scientific to Peers
Other Technical Indicators