Mesa Laboratories Variance
| MLAB Stock | | | USD 80.00 -2.52 -3.05% |
The Variance signal for Mesa Laboratories reflects patterns observed in trading data. All inputs are based on actual trading observations from supported exchanges. Indicator reliability depends on the continuity of available trading data. Mesa Laboratories has a market cap of 441.99 M, operating margin of 12.25%, ROE of 2.18%. Portfolio-level context is available through
Correlation Analysis. The portfolio structure is presented for analytical context. Portfolio data reflects current holdings and their weights. This reflects a position in Mesa Laboratories. This is situated within the portfolio mix. The allocation framework shapes how individual positions are weighted. All values are presented as reference data. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
For information on how to trade Mesa Stock refer to our
How to Trade Mesa Stock guide.
Mesa Laboratories has current Variance of 13.76. 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 |
| = | 13.76 | |
| 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
Mesa Laboratories is rated
below average in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
1.91 of Maximum Drawdown per Variance. At
1.91 , Mesa Laboratories'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.
Compare Mesa Laboratories to Peers
Other Technical Indicators