TietoEVRY Corp Variance
| TIETOS Stock | | | SEK 191.40 -4.10 -2.10% |
This module presents the Variance indicator for TietoEVRY Corp using available market inputs. The indicator computation uses normalized market activity data. TietoEVRY Corp has a market cap of 39.19 B, operating margin of 8.07%, ROE of 12.07%. Portfolio-level context is available through
World Market Map. A position in TietoEVRY Corp is indicated here. It is reflected in the overall portfolio structure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
TietoEVRY Corp has current Variance of 6.52. 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 |
| = | 6.52 | |
| 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
TietoEVRY Corp is rated
below average in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
2.34 of Maximum Drawdown per Variance. At
2.34 , TietoEVRY Corp's Maximum Drawdown-to-Variance 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 TietoEVRY Corp to Peers
Other Technical Indicators