Orexo AB Variance
| ORX Stock | | | SEK 22.25 -0.50 -2.20% |
Technical inputs supporting the Variance indicator for Orexo AB are shown here. Values are derived from historical price and volume observations. Orexo AB has a market cap of 612.75 M, operating margin of -29.46%, ROE of -65.35%. Use
Your Equity Center to view allocation positioning. Current allocation data is available for review. A position in Orexo AB appears within the mix. The position is captured in the allocation summary. The relative size of each holding follows the allocation framework. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Orexo AB has current Variance of 13.84. 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 |
| = | 13.84 | |
| 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
Orexo AB maintains a
fifth standing in variance relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
1.52 of Maximum Drawdown per Variance. For Orexo AB, Maximum Drawdown stands at
1.52 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 Orexo AB to Peers
Other Technical Indicators