Evolv Technologies Variance
| EVLV Stock | | | USD 7.05 -0.08 -1.12% |
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 Evolv Technologies's current Variance with peer comparisons and related risk metrics.
Current Variance Value
A Variance of 10.32 for Evolv Technologies signals elevated price variability. This places Evolv Technologies toward the higher end of the volatility range for Electronic Equipment, Instruments & Components.
Variance | = | SUM(RET DEV)2N |
| = | 10.32 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
The peer group averages 14.61 for Variance, with Evolv Technologies at 10.32 falling below that level. Readings span 5.09 (Lindsay) to 37.91 (Resolute Holdings Management). Evolv Technologies 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 Evolv Technologies 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.
Evolv Technologies produces
2.07 in Maximum Drawdown for each unit of Variance, with respective readings of
21.35 and
10.32 . This indicates Maximum Drawdown is significantly higher than Variance for Evolv Technologies.
Methodology, Assumptions & Data Sources
Evolv Technologies has a current Variance reading of 10.32. This Variance reading for Evolv Technologies results from applying the indicator's calculation rules to price and volume data over the selected window. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Evolv Technologies operates in the information technology sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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