Idex ASA Variance
| IDEX Stock | | | NOK 10.70 0.20 1.90% |
The Variance technical lookup provides context for Idex ASA and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. Idex ASA has a market cap of 829.84 M, operating margin of -8.78%, ROE of -2.19%. Review
Risk vs Return Analysis for broader portfolio context. This reflects a position in Idex ASA in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Idex ASA has current Variance of 76.08. 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 |
| = | 76.08 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Idex ASA Variance Peers Comparison
Idex Variance Relative To Other Indicators
Idex ASA carries a
second ranking for variance within its peer group. It is currently under evaluation for maximum drawdown within its peer group where Maximum Drawdown runs almost
0.56 per Variance. Idex ASA's Variance registers at
1.77 relative to Maximum Drawdown
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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