Cloudflare Variance
| NET Stock | | | USD 215.42 -5.94 -2.68% |
The Variance signal for Cloudflare reflects patterns observed in trading data. All values reflect available price and volume data across reporting intervals. Cloudflare has a market cap of 75.82 B, operating margin of -7.02%, ROE of -8.16%.
Correlation Analysis can help frame allocation decisions. The allocation shows a weighting toward Cloudflare. The position is captured in the allocation summary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more detail on how to invest in Cloudflare Stock please use our
How to Invest in Cloudflare Stock guide.
Cloudflare has current Variance of 14.39. 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 |
| = | 14.39 | |
| 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
Cloudflare maintains a
fourth standing in variance relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
1.35 of Maximum Drawdown per Variance. For Cloudflare, Maximum Drawdown stands at
1.35 times Variance
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 Cloudflare to Peers
Other Technical Indicators