Thinkific Labs Variance
| THNC Stock | | | CAD 1.44 -0.10 -6.49% |
This technical indicator view for Variance organizes signals for Thinkific Labs and comparable instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Thinkific Labs has a market cap of 104.57 M, operating margin of -0.33%, ROE of 3.04%. See
World Market Map for portfolio-level analysis. This suggests a position in Thinkific Labs inside the allocation 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.
Thinkific Labs has current Variance of 11.3. 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 |
| = | 11.3 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Thinkific Labs Variance Peers Comparison
Thinkific Variance Relative To Other Indicators
Thinkific Labs is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.49 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Thinkific Labs sits at
1.49 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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