Mitie Group Variance
| MITFY Stock | | | USD 9.23 0.02 0.22% |
Mitie Group variance lookup summarizes this and related technical indicators for Mitie Group Plc. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. Mitie Group has a market cap of 1.35 B, operating margin of 1.9%, ROE of 7.32%. Use
Correlation Analysis to explore allocation context. This includes a position in Mitie Group Plc in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Mitie Group Plc has current Variance of 3.19. 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 |
| = | 3.19 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Mitie Group Variance Peers Comparison
Mitie Variance Relative To Other Indicators
Mitie Group Plc is rated
fifth in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
3.25 of Maximum Drawdown per Variance. At
3.25 , Mitie Group Plc's Maximum Drawdown-to-Variance 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.
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