Addex Therapeutics Variance
| ADXN Stock | | | USD 6.36 -0.49 -7.15% |
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. Below is Addex Therapeutics's current Variance with peer comparisons and related risk metrics.
Current Variance Value
With Variance at 22.56, Addex Therapeutics shows elevated price variability. This places Addex Therapeutics toward the higher end of the volatility range for Stock.
Variance | = | SUM(RET DEV)2N |
| = | 22.56 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Addex Therapeutics falls below the 67.56 peer average for Variance. Cardio Diagnostics Holdings leads at 246.56 while Radiopharm Theranostics Limited registers the lowest at 8.23. Addex Therapeutics has exhibited less price dispersion than the peer average over the measured period.
Variance Relative To Other Indicators
The chart below plots Variance against Maximum Drawdown for Addex Therapeutics and its peers. Each point represents one equity — position along the horizontal axis shows Variance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Addex Therapeutics shows nearly
1.00 of Maximum Drawdown per unit of Variance (
22.56 versus
22.52 ). The two measures are closely aligned in magnitude for Addex Therapeutics.
Methodology, Assumptions & Data Sources
Addex Therapeutics' Variance currently stands at 22.56. Addex Therapeutics' Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. The output reflects the selected calculation window — changing the horizon will produce different readings. This stock metric is provided for analytical reference.
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