South32 Variance
| SHTLF Stock | | | USD 3.12 0.12 4.00% |
The Variance technical lookup provides context for South32 Limited and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. South32 has a market cap of 15 B, operating margin of 37.1%, ROE of 27.05%. Review
World Market Map for broader portfolio context. This reflects a position in South32 Limited in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
South32 Limited has current Variance of 14.82. 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 |
| = | 14.82 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
South32 Variance Peers Comparison
South32 Variance Relative To Other Indicators
South32 Limited is rated
below average in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
1.43 Maximum Drawdown per unit of Variance. South32 Limited carries a
1.43 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.
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