Saipem SpA Variance
| SAPMF Stock | | | USD 3.90 0.07 1.83% |
Observed values used to calculate the Variance technical indicator for Saipem SpA. Additional screening context is available through
Equity Screeners.
Saipem SpA has current Variance of 8.06. 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 |
| = | 8.06 | |
| 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
Saipem SpA ranks
fourth among pink sheets in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
2.32 Maximum Drawdown per unit of Variance. Saipem SpA carries a
2.32 x Maximum Drawdown-to-Variance ratio
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 Saipem SpA to Peers
Other Technical Indicators