Zeng Hsing Standard Deviation vs. Jensen Alpha

1558 Stock  TWD 103.50  0.50  0.49%   
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Zeng Hsing Industrial has current Standard Deviation of 1.27. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.

Standard Deviation

=

SQRT(V)

 = 
1.27
SQRT = Square root notation
V =   Variance of Zeng Hsing returns

Zeng Hsing Standard Deviation Peers Comparison

Zeng Standard Deviation Relative To Other Indicators

Zeng Hsing Industrial is rated third in standard deviation category among its peers. It is currently under evaluation in jensen alpha category among its peers .
Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.
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