Rackspace Technology Variance
| RXT Stock | | | USD 1.18 -0.12 -9.23% |
The Variance reading for Rackspace Technology is computed from historical trading observations. Indicator reliability depends on the continuity of available trading data. Rackspace Technology has a market cap of 320.99 M, operating margin of -0.79%, current ratio of 1.23. Use
Your Equity Center to view allocation positioning. Tracking Rackspace Technology in a portfolio provides context for performance attribution. The information is presented without directional commentary. Broader economic conditions can influence Rackspace Technology's company valuation — related indicators include
signals in services.
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How to Invest in Rackspace Technology guide.
Rackspace Technology has current Variance of 910.6. 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 |
| = | 910.6 | |
| 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
Rackspace Technology earns the top ranking in variance relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
0.26 of Maximum Drawdown per Variance. For Rackspace Technology, Variance stands at
3.78 times 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.
Compare Rackspace Technology to Peers
Other Technical Indicators