Glanbia PLC Variance
| GLAPY Stock | | | USD 98.24 1.50 1.55% |
The Variance calculation for Glanbia PLC draws on price and volume history. The depth of trading history affects the precision of the indicator. Glanbia PLC has a market cap of 3.32 B, operating margin of 4.3%, current ratio of 1.62. Review
Risk vs Return Analysis for a broader allocation view. Portfolio analysis tools can evaluate how Glanbia PLC ADR fits within a broader allocation. The dataset reflects available inputs without directional implication. Broader economic conditions can influence Glanbia PLC ADR's company valuation — related indicators include
signals in employment.
Glanbia PLC ADR has current Variance of 2.37. 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 |
| = | 2.37 | |
| 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
Glanbia PLC ADR is rated
below average in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
5.68 of Maximum Drawdown per Variance. At
5.68 , Glanbia PLC ADR's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
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 Glanbia PLC to Peers
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