SCANSOURCE Variance
| SC3 Stock | | | 29.80 -0.20 -0.67% |
The Variance reading for SCANSOURCE is computed from historical trading observations. Extended technical indicator views are accessible through
Equity Screeners. Portfolio design and allocation context appear in
World Market Map. The view supports a broader understanding of portfolio structure. This captures an allocation to SCANSOURCE. How positions are weighted depends on the construction approach used. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
Before investing in SCANSOURCE Stock, review our
How to Trade SCANSOURCE Stock resource. This guide walks you through the practical steps for investing in SCANSOURCE. It is designed for both experienced investors and those new to trading SCANSOURCE Stock.
SCANSOURCE has current Variance of 6.55. 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 |
| = | 6.55 | |
| 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
SCANSOURCE maintains a
third standing in variance relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
2.38 of Maximum Drawdown per Variance. For SCANSOURCE, Maximum Drawdown stands at
2.38 times 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.
Compare SCANSOURCE to Peers
Other Technical Indicators