EZGO Technologies Variance
| EZGO Stock | | | USD 0.04 -0.03 -41.94% |
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 EZGO Technologies's current Variance with peer comparisons and related risk metrics.
Current Variance Value
With Variance at 261.3, EZGO Technologies shows elevated price variability. This places EZGO Technologies toward the higher end of the volatility range for Apparel, Accessories & Luxury Goods.
Variance | = | SUM(RET DEV)2N |
| = | 261.3 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
EZGO Technologies falls below the 19065.64 peer average for Variance. Inspirato leads at 78921.5 while Vision Marine Technologies registers the lowest at 25.88. EZGO 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 EZGO 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.
EZGO Technologies shows nearly
0.56 of Maximum Drawdown per unit of Variance (
261.30 versus
146.05 ). This indicates Maximum Drawdown runs moderately below Variance for EZGO Technologies. The spread between Variance and Maximum Drawdown for EZGO Technologies sits at
1.79 Methodology, Assumptions & Data Sources
EZGO Technologies' Variance currently stands at 261.3. The Variance for EZGO Technologies is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. EZGO Technologies operates in the consumer discretionary sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
Other Technical Indicators