Sentronic International Variance vs. Treynor Ratio

3232 Stock  TWD 23.05  0.15  0.66%   
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Sentronic International has current Variance of 4.75. 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.

Variance

 = 

SUM(RET DEV)2

N

 = 
4.75
SUM = Summation notation
RET DEV = Actual returns deviation over selected period
N = Number of points for the period

Sentronic International Variance Peers Comparison

Sentronic Variance Relative To Other Indicators

Sentronic International is rated below average in variance category among its peers. It is currently under evaluation in treynor ratio category among its peers fabricating about  0.29  of Treynor Ratio per Variance. The ratio of Variance to Treynor Ratio for Sentronic International is roughly  3.47 
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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