Shoals Technologies Variance
| SHLS Stock | | | USD 5.95 -0.22 -3.57% |
Technical inputs supporting the Variance indicator for Shoals Technologies Group are shown here. The information is based on observed market data across timeframes. Coverage differences may occur across instruments and market segments. Cross-instrument Variance comparisons are available via
Equity Screeners. Shoals Technologies has a market cap of 996.33 M, operating margin of 16.07%, ROE of 5.81%. See
World Market Map for additional portfolio context. The allocation summary reflects available position data. Portfolio metrics are derived from available position data. The information is analytical in nature and is not intended as a specific recommendation. This captures an allocation to Shoals Technologies Group. It is represented within the portfolio holdings. The allocation framework shapes how individual positions are weighted. This content does not constitute investment advice or a recommendation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Shoals Technologies Group has current Variance of 31.1. 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 |
| = | 31.1 | |
| 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
Shoals Technologies Group maintains a
fourth standing in variance relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
1.35 of Maximum Drawdown per Variance. For Shoals Technologies Group, Maximum Drawdown stands at
1.35 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.
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