Bharat Immunologicals Variance

Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

INR 24.8  0.2  0.81%

The Macroaxis Technical Indicators lookup allows users to check a given indicator for any equity or select from a set of available 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
Symbol
Refresh
Bharat Immunologicals Biologicals Corp Ltd has current Variance of 22.8. 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.
Bharat Immunologicals 
Variance 
 = 
SUM(RET DEV)2 
 = 
22.8
SUM =   Summation notation
RET DEV =   Actual returns deviation over selected period
N =   Number of points for the period

Variance Comparison

Bharat Immunologicals Biologicals Corp Ltd is number one stock in variance category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  1.04  of Maximum Drawdown per Variance. The ratio of Maximum Drawdown to Variance for Bharat Immunologicals Biologicals Corp Ltd is roughly  1.04 
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.
Compare Bharat Immunologicals to competition
Bharat Immunologicals Biologicals Corporation Limited, a biotechnology company, manufactures and markets a range of pharmaceuticals solutions in India. more
NameBharat Immunologicals Biologicals Corp Ltd
Macroaxis Advice
InstrumentIndia Stock Stocks Directory
ExchangeBombay Stock Exchange
CurrencyINR