Ringcentral Variance
| RNG Stock | | | USD 45.71 -0.01 -0.02% |
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 Ringcentral's current Variance with peer comparisons and related risk metrics.
Current Variance Value
Ringcentral registers a Variance of 35.58, reflecting elevated price variability. This places Ringcentral toward the higher end of the volatility range for Stock.
Variance | = | SUM(RET DEV)2N |
| = | 35.58 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Ringcentral's Variance of 35.58 falls below the 1552098.77 peer average. Values range from 3.97 (NCR Atleos) to 1.552082674E7 (Sapiens International), with wide dispersion across the group. Ringcentral 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 Ringcentral 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.
Ringcentral records a Variance of
35.58 and a Maximum Drawdown of
46.84 , yielding roughly
1.32 units of Maximum Drawdown per Variance. This indicates Maximum Drawdown moderately exceeds Variance for Ringcentral.
Methodology, Assumptions & Data Sources
The current Variance for Ringcentral is 35.58. This Variance reading for Ringcentral results from applying the indicator's calculation rules to price and volume data over the selected window. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. 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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