Gofore Oyj variance technical analysis lookup allows you to check this and other technical indicators for Gofore Oyj or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
Gofore
Gofore Oyj has current Variance of 2.32. 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.
Gofore Oyj is rated below average in variance category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about 2.93 of Maximum Drawdown per Variance. The ratio of Maximum Drawdown to Variance for Gofore Oyj is roughly 2.93
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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