Biotron Variance
| BITRF Stock | | | USD 0.03 0.00 0.00% |
The Variance signal for Biotron Limited reflects patterns observed in trading data. All values reflect available price and volume data across reporting intervals. Biotron has a market cap of 18.67 M, operating margin of -1.78%, current ratio of 2.35.
Trending Equities can help frame allocation decisions. Including Biotron Limited in a portfolio enables allocation and risk analysis. Sector and industry exposure becomes visible in the portfolio breakdown. Broader economic conditions can influence Biotron Limited's company valuation — related indicators include
signals in real.
Biotron Limited has current Variance of 57210.64. 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 |
| = | 57210.64 | |
| 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
Biotron Limited ranks
second among pink sheets in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
0.03 Maximum Drawdown per unit of Variance. Biotron Limited carries a
32.41 x Variance-to-Maximum Drawdown ratio
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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