Insteel Industries Variance
| IIIN Stock | | | USD 31.74 -1.05 -3.20% |
The Variance technical lookup provides context for Insteel Industries and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Insteel Industries has a market cap of 636.01 M, operating margin of 5.82%, ROE of 13.77%. Review
Risk vs Return Analysis for broader portfolio context. This reflects a position in Insteel Industries within the portfolio 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 gross domestic product.
New to investing in Insteel Stock? Start with our
How to Invest in Insteel Stock guide for a step-by-step overview.
Insteel Industries has current Variance of 4.11. 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 |
| = | 4.11 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Insteel Industries Variance Peers Comparison
Insteel Variance Relative To Other Indicators
Insteel Industries is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
2.48 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Insteel Industries sits at
2.48 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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