Shopify Standard Deviation
| SHOP Stock | | | CAD 160.64 -7.62 -4.53% |
The Standard Deviation signal for Shopify reflects patterns observed in trading data. All inputs are based on actual trading observations from supported exchanges. Shopify has a market cap of 220.45 B, operating margin of 20.29%, ROE of 9.84%.
World Market Map can help frame allocation decisions. The overview captures current portfolio composition. The data reflects holdings as of the most recent update. The holding in Shopify represents an allocation. It is represented within the portfolio holdings. Position allocation is driven by the portfolio construction model. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
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Shopify has current Standard Deviation of 3.56. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.
Standard Deviation | = | SQRT(V) |
| = | 3.56 | |
Standard Deviation Peers Comparison
Standard Deviation Relative To Other Indicators
Shopify lands at
#2 in standard deviation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
4.39 in Maximum Drawdown for each unit of Standard Deviation. The spread between Maximum Drawdown and Standard Deviation for Shopify sits at
4.39 Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.
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