Empress Royalty Variance
| EMPR Stock | | | CAD 0.95 -0.05 -5.00% |
Reference data associated with the Variance technical indicator for Empress Royalty Corp. Values may reflect normalized price or volume observations.
Empress Royalty Corp has current Variance of 18.98. 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 |
| = | 18.98 | |
| 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
Empress Royalty Corp falls in the
fifth position for variance across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
1.17 ratio of Maximum Drawdown to Variance. Empress Royalty Corp's Maximum Drawdown exceeds Variance by a factor of
1.17 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 Empress Royalty to Peers
Other Technical Indicators