Middleby Corp Variance
| MIDD Stock | | | USD 135.81 -4.27 -3.05% |
The Variance calculation for Middleby Corp draws on price and volume history. Data availability for the calculation period determines indicator completeness. Middleby Corp has a market cap of 6.84 B, operating margin of 18.81%, ROE of 11.45%. Use
Correlation Analysis to explore allocation context. A position in Middleby Corp is indicated here. This is part of the broader portfolio composition. 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.
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Middleby Corp has current Variance of 3.48. 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 |
| = | 3.48 | |
| 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
Middleby Corp is rated
below average for variance relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers with a Maximum Drawdown-to-Variance ratio near
2.72 . The Maximum Drawdown to Variance ratio for Middleby Corp comes in at
2.72 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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