Shenzhen Investment Variance
| SHS Stock | | | EUR 0.09 -0.002 -2.25% |
The Variance indicator for Shenzhen Investment is constructed from normalized market data. Values reflect historical observations within the available dataset. The depth of trading history affects the precision of the indicator. The
Equity Screeners module supports multi-indicator technical analysis. Shenzhen Investment has a market cap of 787.58 M, operating margin of 6.89%, ROE of -6.53%. Use
World Market Map to explore allocation context. Allocation data is presented for contextual reference. A position in Shenzhen Investment Limited is part of the allocation. It is reflected in the overall portfolio structure. 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 inflation.
Shenzhen Investment Limited has current Variance of 4.16. 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 |
| = | 4.16 | |
| 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
Shenzhen Investment Limited ranks
fourth among stocks in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
3.25 Maximum Drawdown per unit of Variance. Shenzhen Investment Limited carries a
3.25 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 Shenzhen Investment to Peers
Other Technical Indicators