SunOpta Variance
| STKL Stock | | | USD 6.49 0.01 0.15% |
The Variance indicator for SunOpta is derived from observed market data. The dataset is based on observed market activity where data is available. Some instruments may report limited inputs depending on trading history. SunOpta has a market cap of 766.96 M, operating margin of 6.67%, ROE of 9.02%. For allocation context, review
World Market Map. Portfolio positioning is summarized for reference. The portfolio reflects a holding in SunOpta. The position falls within the allocation view. The allocation approach determines the relative weighting of each position. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
Discover how to invest in SunOpta Stock by reading our
How to Buy SunOpta Stock guide.
SunOpta has current Variance of 21.01. 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 |
| = | 21.01 | |
| 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
SunOpta carries a
third ranking for variance within its peer group. It is currently under evaluation for maximum drawdown within its peer group where Maximum Drawdown runs almost
1.57 per Variance. SunOpta's Maximum Drawdown registers at
1.57 relative to Variance
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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Other Technical Indicators