Mueller Industries Variance
| MLI Stock | | | USD 112.00 0.90 0.81% |
The Variance indicator for Mueller Industries is constructed from normalized market data. Related indicator context is organized within
Equity Screeners. Mueller Industries has a market cap of 12.33 B, operating margin of 17.51%, current ratio of 3.79. Review
Correlation Analysis for a broader allocation view. Mueller Industries can be evaluated within a portfolio framework for weight and risk impact. Drawdown analysis shows how each position affects portfolio volatility. Broader economic conditions can influence Mueller Industries's company valuation — related indicators include
signals in board of governors.
The fundamentals of trading Mueller Stock are covered in our
How to Buy Mueller Industries walkthrough. This resource outlines the process for evaluating Mueller Stock from a trading perspective. It covers the mechanics of investing in Mueller Industries from account funding through order execution.
Mueller Industries has current Variance of 4.62. 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 |
| = | 4.62 | |
| 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
Mueller Industries is rated
below average for variance among direct rivals. It is currently under evaluation for maximum drawdown among direct rivals recording roughly
2.96 in Maximum Drawdown for every unit of Variance. Maximum Drawdown outpaces Variance by
2.96 times for Mueller Industries
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 Mueller Industries to Peers
Other Technical Indicators