Spirit Aerosystems Variance
| SPRDelisted Delisted Stock | | | USD 39.50 0.36 0.92% |
The Variance calculation for Spirit Aerosystems draws on price and volume history. Data availability for the calculation period determines indicator completeness. Spirit Aerosystems has a market cap of 4.64 B, operating margin of -40.41%, current ratio of 1.42. See
World Market Map for portfolio-level analysis. Broader economic conditions can influence Spirit Aerosystems Holdings's company valuation — related indicators include
signals in employment.
Spirit Aerosystems Holdings has current Variance of 2.95. 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 |
| = | 2.95 | |
| 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
Spirit Aerosystems Holdings is rated
below average for variance against industry peers. It is currently under evaluation for maximum drawdown against industry peers with Maximum Drawdown measuring nearly
2.70 against Variance. Maximum Drawdown runs about
2.70 times Variance for Spirit Aerosystems Holdings
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.
Other Technical Indicators