Compass Pathways Variance
| CMPS Stock | | | USD 6.05 -0.26 -4.12% |
Observed values used to calculate the Variance technical indicator for Compass Pathways Plc. Certain instruments may report limited data depending on market coverage.
Compass Pathways Plc has current Variance of 33.43. 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 |
| = | 33.43 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Compass Pathways Variance Peers Comparison
Compass Variance Relative To Other Indicators
Compass Pathways Plc maintains a
second standing in variance relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
1.16 of Maximum Drawdown per Variance. For Compass Pathways Plc, Maximum Drawdown stands at
1.16 times Variance
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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