Inventronics Variance
| IVX Stock | | | CAD 0.77 0.03 4.05% |
Technical inputs supporting the Variance indicator for Inventronics are shown here. Coverage differences may occur across instruments and market segments. Inventronics has a market cap of 3.8 M, operating margin of 8.95%, current ratio of 2.0. Allocation context is available in
Risk vs Return Analysis. Inventronics can be evaluated within a portfolio framework for weight and risk impact. Drawdown analysis shows how each position affects portfolio volatility. Broader economic conditions can influence Inventronics's company valuation — related indicators include
signals in inflation.
Inventronics has current Variance of 10.63. 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 |
| = | 10.63 | |
| 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
Inventronics is rated
below average for variance across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
1.66 ratio of Maximum Drawdown to Variance. Inventronics's Maximum Drawdown exceeds Variance by a factor of
1.66 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 Inventronics to Peers
Other Technical Indicators