Eminent Gold Variance
| EMGDF Stock | | | USD 0.52 0.02 4.00% |
Observed values used to calculate the Variance technical indicator for Eminent Gold Corp. Additional screening context is available through
Equity Screeners.
Eminent Gold Corp has current Variance of 68.2. 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 |
| = | 68.2 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Eminent Gold Variance Peers Comparison
Eminent Variance Relative To Other Indicators
Eminent Gold Corp is rated
below average in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
0.65 Maximum Drawdown per unit of Variance. Eminent Gold Corp carries a
1.53 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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