Kinaxis Standard Deviation
| KXS Stock | | | CAD 137.72 1.17 0.86% |
Technical inputs supporting the Standard Deviation indicator for Kinaxis are shown here. The information is based on observed market data across timeframes. Kinaxis has a market cap of 3.81 B, operating margin of 16.49%, ROE of 17.31%. Allocation context is available in
Correlation Analysis. A position in Kinaxis is indicated here. It is reflected in the overall portfolio structure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
Kinaxis has current Standard Deviation of 2.44. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.
Standard Deviation | = | SQRT(V) |
| = | 2.44 | |
Standard Deviation Peers Comparison
Standard Deviation Relative To Other Indicators
Kinaxis is rated
below average in standard deviation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
4.55 in Maximum Drawdown for each unit of Standard Deviation. The spread between Maximum Drawdown and Standard Deviation for Kinaxis sits at
4.55 Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.
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