Pioneer Power Variance
| PPSI Stock | | | USD 3.34 -0.04 -1.18% |
Observed values used in the Variance indicator for Pioneer Power Solutions are included in this dataset. Comparable indicator datasets are structured within
Equity Screeners. Pioneer Power has a market cap of 37.06 M, operating margin of -21.01%, current ratio of 1.98. Review
Your Equity Center for broader portfolio context. Tracking Pioneer Power Solutions in a portfolio helps measure its contribution to overall performance. Position sizing depends on the allocation methodology selected for the portfolio. Broader economic conditions can influence Pioneer Power Solutions's company valuation — related indicators include
signals in main economic indicators.
Pioneer Power Solutions has current Variance of 20.35. 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 |
| = | 20.35 | |
| 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
Pioneer Power Solutions is rated
below average for variance among direct rivals. It is currently under evaluation for maximum drawdown among direct rivals recording roughly
1.14 in Maximum Drawdown for every unit of Variance. Maximum Drawdown outpaces Variance by
1.14 times for Pioneer Power Solutions
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 Pioneer Power to Peers
Other Technical Indicators