Global Engine Variance
| GLE Stock | | | 0.44 0.01 1.40% |
This module presents the Variance indicator for Global Engine Group using available market inputs. The indicator computation uses normalized market activity data. Global Engine has a market cap of 9.86 M, operating margin of -142.86%, ROE of -15.08%. For allocation context, review
Risk vs Return Analysis. This includes a position in Global Engine Group. The position sits inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Global Engine Group has current Variance of 48.04. 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 |
| = | 48.04 | |
| 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
Global Engine Group holds the
#5 position for variance relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers with a Maximum Drawdown-to-Variance ratio near
0.88 . The Variance to Maximum Drawdown ratio for Global Engine Group comes in at
1.14 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 Global Engine to Peers
Other Technical Indicators