PureTech Health Variance
| PRTC Stock | | | USD 15.89 -0.36 -2.22% |
The Variance calculation for PureTech Health draws on price and volume history. All inputs are based on actual trading observations from supported exchanges. PureTech Health has a market cap of 384.23 M, operating margin of -25.9%, ROE of 9.44%.
Your Equity Center adds portfolio-level perspective. The portfolio reflects a holding in PureTech Health PLC. The position falls within the allocation view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
PureTech Health PLC has current Variance of 6.66. 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 |
| = | 6.66 | |
| 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
PureTech Health PLC is rated
below average for variance relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers with a Maximum Drawdown-to-Variance ratio near
2.30 . The Maximum Drawdown to Variance ratio for PureTech Health PLC comes in at
2.30 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 PureTech Health to Peers
Other Technical Indicators