Aris Mining Variance
| ARMNDelisted Stock | | | 19.16 0.26 1.38% |
This dataset for Aris Mining reflects inputs used in the Variance calculation. This dataset is part of a broader indicator framework including
Equity Screeners. Aris Mining has a market cap of 3.79 B, operating margin of 40.92%, ROE of 3.89%.
Trending Equities can help frame allocation decisions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Aris Mining has current Variance of 16.08. 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 |
| = | 16.08 | |
| 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
Aris Mining is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.63 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Aris Mining sits at
1.63 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.
Other Technical Indicators