Cantex Mine Variance
| CD Stock | | | CAD 0.28 0.03 12.00% |
Technical inputs supporting the Variance indicator for Cantex Mine Development are shown here. Values are derived from historical price and volume observations. Cantex Mine has a market cap of 69.11 M, ROE of -3.19%. Review
Trending Equities for broader portfolio context. The portfolio view reflects current allocation structure. This captures an allocation to Cantex Mine Development. It is represented within the portfolio holdings. The allocation framework shapes how individual positions are weighted. All figures are based on reported data and are informational in nature. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
Cantex Mine Development has current Variance of 45.3. 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 |
| = | 45.3 | |
| 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
Cantex Mine Development falls in the
third position for variance across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
0.77 ratio of Maximum Drawdown to Variance. Cantex Mine Development's Variance exceeds Maximum Drawdown by a factor of
1.29 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 Cantex Mine to Peers
Other Technical Indicators