Ennis Variance
| EBF Stock | | | USD 20.79 0.44 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. Below is Ennis's current Variance with peer comparisons and related risk metrics.
Current Variance Value
At 2.68, Ennis exhibits moderate price variability in Variance. This places Ennis within the typical volatility range for Commercial Services & Supplies.
Variance | = | SUM(RET DEV)2N |
| = | 2.68 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Relative to peers, Ennis's Variance is below the group average of 24.6. Peer readings range from 4.61 (Safe Bulkers) to 46.31 (Universal Logistics Holdings), reflecting wide dispersion across the sector. Ennis 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 Ennis 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.
Ennis records a Variance of
2.68 and a Maximum Drawdown of
12.13 , yielding roughly
4.53 units of Maximum Drawdown per Variance. This indicates Maximum Drawdown is significantly higher than Variance for Ennis.
Methodology, Assumptions & Data Sources
Ennis has a current Variance reading of 2.68. Variance for Ennis is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Ennis operates in the industrials sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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