Purple Innovation Variance
| PRPL Stock | | | USD 0.69 -0.02 -3.06% |
The Variance technical lookup provides context for Purple Innovation and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. Purple Innovation has a market cap of 76.43 M, operating margin of -5.76%, ROE of -102.71%.
Your Equity Center can help frame allocation decisions. This suggests a position in Purple Innovation within the portfolio mix. 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.
Learn how to buy and trade Purple Stock using our step-by-step
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Purple Innovation has current Variance of 9.96. 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 |
| = | 9.96 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Purple Innovation Variance Peers Comparison
Purple Variance Relative To Other Indicators
Purple Innovation is rated
below average for variance within its peer group. It is currently under evaluation for maximum drawdown within its peer group where Maximum Drawdown runs almost
1.64 per Variance. Purple Innovation's Maximum Drawdown registers at
1.64 relative to 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.
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