Alpha Exploration Variance
| ALEX Stock | | | 0.47 -0.02 -4.08% |
The Variance indicator for Alpha Exploration is derived from observed market data. The dataset is based on observed market activity where data is available. Some instruments may report limited inputs depending on trading history. Broader indicator relationships are reflected within
Equity Screeners. Alpha Exploration has a market cap of 46.66 M, ROE of 3.92%. Portfolio-level context is available through
Trending Equities. The view reflects the current state of portfolio allocation. The portfolio view uses available data to frame composition. All content is derived from available inputs and carries no advisory implication. A position in Alpha Exploration is indicated here. This is part of the broader portfolio composition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in services.
Alpha Exploration has current Variance of 17.05. 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)2N |
| = | 17.05 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
Alpha Exploration is rated
below average for variance across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
1.33 ratio of Maximum Drawdown to Variance. Alpha Exploration's Maximum Drawdown exceeds Variance by a factor of
1.33 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 Alpha Exploration to Peers
Other Technical Indicators