Hafnia Variance
| HAFN Stock | | | 7.00 -0.13 -1.82% |
Historical market data for Hafnia Limited forms the basis of the Variance indicator shown here. The calculation draws on time-series market data across available periods. Coverage may vary depending on data availability and normalization methods. Related indicator context is organized within
Equity Screeners. Hafnia has a market cap of 3.64 B, operating margin of 16.77%, ROE of 13.04%. For allocation context, review
Risk vs Return Analysis. Allocation details are provided as informational context. This includes a position in Hafnia Limited. 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 price.
Hafnia Limited has current Variance of 4.75. 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 |
| = | 4.75 | |
| 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
Hafnia Limited is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
2.88 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Hafnia Limited sits at
2.88 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 Hafnia to Peers
Other Technical Indicators