Modern Mobility Variance
| MDRM Stock | | | USD 0.004 0.001 33.33% |
This dataset for Modern Mobility Aids reflects inputs used in the Variance calculation. All values reflect available price and volume data across reporting intervals. Modern Mobility has a market cap of 2.93 M.
Correlation Analysis adds portfolio-level perspective. The holding in Modern Mobility Aids represents an allocation. It is represented within the portfolio holdings. 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.
Modern Mobility Aids has current Variance of 427.86. 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 |
| = | 427.86 | |
| 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
Modern Mobility Aids lands at
#4 in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
0.35 in Maximum Drawdown for each unit of Variance. The spread between Variance and Maximum Drawdown for Modern Mobility Aids sits at
2.85 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 Modern Mobility to Peers
Other Technical Indicators