Firefox Gold Variance
| FFOX Stock | | | CAD 0.77 -0.07 -8.33% |
The Variance lookup presents technical context for Firefox Gold Corp and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Firefox Gold has a market cap of 29.24 M, ROE of -73.48%. Use
Investing Opportunities to explore allocation context. The allocation includes a position in Firefox Gold Corp across the allocation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Firefox Gold Corp has current Variance of 36.0. 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 |
| = | 36.0 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Firefox Gold Variance Peers Comparison
Firefox Variance Relative To Other Indicators
Firefox Gold 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
1.04 ratio of Maximum Drawdown to Variance. Firefox Gold Corp's Maximum Drawdown exceeds Variance by a factor of
1.04 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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