RF Industries Variance
| RFIL Stock | | | USD 12.30 2.09 20.47% |
Observed values used to calculate the Variance technical indicator for RF Industries. Some instruments may provide partial coverage depending on trading history.
RF Industries has current Variance of 43.72. 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 |
| = | 43.72 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
RF Industries Variance Peers Comparison
RFIL Variance Relative To Other Indicators
RF Industries carries a
fifth ranking for variance within its peer group. It is currently under evaluation for maximum drawdown within its peer group where Maximum Drawdown runs almost
0.80 per Variance. RF Industries's Variance registers at
1.25 relative to Maximum Drawdown
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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