E L Variance
| ELF-PH Preferred Stock | | | CAD 24.15 0.01 0.04% |
Reference data associated with the Variance technical indicator for E L Financial 3. Availability may differ across exchanges, markets, and reporting intervals.
E L Financial 3 has current Variance of 0.1023. 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 |
| = | 0.1023 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
E L Variance Peers Comparison
ELF-PH Variance Relative To Other Indicators
E L Financial 3 is rated
below average in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
16.53 of Maximum Drawdown per Variance. At
16.53 , E L Financial 3's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
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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