Sunny Optical Variance
| SXC Stock | | | EUR 6.28 0.06 0.96% |
This technical indicator view for Variance organizes signals for Sunny Optical Technology and comparable instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Sunny Optical has a market cap of 6.77 B, operating margin of 7.52%, ROE of 13.49%. See
World Market Map for portfolio-level analysis. This suggests a position in Sunny Optical Technology 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 inflation.
Sunny Optical Technology has current Variance of 3.61. 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 |
| = | 3.61 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Sunny Optical Variance Peers Comparison
Sunny Variance Relative To Other Indicators
Sunny Optical Technology ranks
fourth among stocks in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
2.47 Maximum Drawdown per unit of Variance. Sunny Optical Technology carries a
2.47 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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