Heritage Insurance Variance
| HRTG Stock | | | USD 26.39 -0.26 -0.98% |
Technical inputs supporting the Variance indicator for Heritage Insurance Hldgs are shown here. The information is based on observed market data across timeframes. Heritage Insurance has a market cap of 823.79 M, operating margin of 41.65%, current ratio of 0.68. Allocation context is available in
Risk vs Return Analysis. Portfolio tools allow users to monitor Heritage Insurance Hldgs alongside other positions. This view summarizes available data without implying outcomes. Broader economic conditions can influence Heritage Insurance Hldgs's company valuation — related indicators include
signals in population.
Heritage Insurance Hldgs has current Variance of 10.03. 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 |
| = | 10.03 | |
| 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
Heritage Insurance Hldgs ranks
second among stocks in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
2.21 Maximum Drawdown per unit of Variance. Heritage Insurance Hldgs carries a
2.21 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.
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