NIP Group Variance
| NIPG Stock | | | 0.75 0.03 4.17% |
The Variance indicator for NIP Group is constructed from normalized market data. Values reflect historical observations within the available dataset. NIP Group has a market cap of 88.27 M, operating margin of -21.79%, ROE of -77.23%. Portfolio-level context is available through
Correlation Analysis. The view reflects the current state of portfolio allocation. The portfolio view uses available data to frame composition. All content is derived from available inputs and carries no advisory implication. A position in NIP Group American appears within the mix. The allocation reflects this within the position set. Position sizing reflects the allocation methodology applied to the portfolio. This information is provided for contextual purposes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
NIP Group American has current Variance of 17.85. 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 |
| = | 17.85 | |
| 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
NIP Group American is rated
below average in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
1.56 Maximum Drawdown per unit of Variance. NIP Group American carries a
1.56 x Maximum Drawdown-to-Variance ratio
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 NIP Group to Peers
Other Technical Indicators