Zoetis Variance
| ZTS Stock | | | USD 115.62 0.16 0.14% |
The Variance lookup presents technical context for Zoetis Inc and related instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Zoetis has a market cap of 50.95 B, operating margin of 34.69%, ROE of 65.99%.
Your Current Watchlist can help frame allocation decisions. The allocation includes a position in Zoetis Inc 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 population.
Zoetis Inc has current Variance of 2.16. 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 |
| = | 2.16 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Zoetis Variance Peers Comparison
Zoetis Variance Relative To Other Indicators
Zoetis Inc is rated
below average in variance relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
3.30 of Maximum Drawdown per Variance. For Zoetis Inc, Maximum Drawdown stands at
3.30 times Variance
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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