Society Pass Variance
| SOPA Stock | | | USD 0.58 0.02 3.57% |
The Variance signal for Society Pass reflects patterns observed in trading data. The
Equity Screeners module supports multi-indicator technical analysis. Society Pass has a market cap of 7.27 M, operating margin of -3.8%, ROE of -1.53%. Review
World Market Map for broader portfolio context. The holding in Society Pass represents an allocation. This is situated within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
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How to Buy Society Pass guide.
Society Pass has current Variance of 234.76. 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 |
| = | 234.76 | |
| 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
Society Pass ranks first in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
0.39 of Maximum Drawdown per Variance. At
2.56 , Society Pass's Variance-to-Maximum Drawdown multiple reflects the spread between these metrics
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 Society Pass to Peers
Other Technical Indicators