Optima Medical Variance
| TOKIFDelisted Stock | | | USD 0.0001 0.00 0.00% |
The Variance indicator for Optima Medical is constructed from normalized market data. All inputs reflect available trading data across supported markets. Optima Medical has a market cap of 1.78 M, operating margin of 9.29%, ROE of -10.39%. For allocation context, review
World Market Map. Allocation details are provided as informational context. Allocation context is based on the most recent position data. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Optima Medical Innovations has current Variance of 0. 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 |
| = | 0 | |
| 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
Optima Medical Innovations is rated
below average in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set .
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.