Insight Molecular Variance
| IMDX Stock | | | 4.26 0.34 8.67% |
This module presents the Variance indicator for Insight Molecular Diagnostics using available market inputs. The underlying data comes from exchange-reported trading records. Coverage differences may occur across instruments and market segments. This dataset is part of a broader indicator framework including
Equity Screeners. Insight Molecular has a market cap of 122.19 M, operating margin of -29.5%, ROE of -236.03%. See
Risk vs Return Analysis for additional portfolio context. The allocation summary reflects available position data. Portfolio metrics are derived from available position data. The holding in Insight Molecular Diagnostics represents an allocation. This is situated within the portfolio mix. The weighting is determined by the allocation framework in use. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in median.
Insight Molecular Diagnostics has current Variance of 32.63. 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 |
| = | 32.63 | |
| 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
Insight Molecular Diagnostics is rated
below average in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
0.98 of Maximum Drawdown per Variance. At
1.02 , Insight Molecular Diagnostics's Variance-to-Maximum Drawdown multiple reflects the spread between these metrics
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 Insight Molecular to Peers
Other Technical Indicators