Tandy Leather Variance
| TLF Stock | | | USD 2.32 -0.01 -0.43% |
The Variance technical lookup provides context for Tandy Leather Factory and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. Tandy Leather has a market cap of 18.73 M, operating margin of -2.75%, ROE of 16.59%. Review
World Market Map for broader portfolio context. This reflects a position in Tandy Leather Factory in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tandy Leather Factory has current Variance of 16.44. 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 |
| = | 16.44 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Tandy Leather Variance Peers Comparison
Tandy Variance Relative To Other Indicators
Tandy Leather Factory is rated
below average in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
1.91 Maximum Drawdown per unit of Variance. Tandy Leather Factory carries a
1.91 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.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.