First Quantum Variance
| FM Stock | | | CAD 29.19 -0.60 -2.01% |
The Variance reading for First Quantum Minerals is computed from historical trading observations. Each data point is derived from standardized price and volume feeds. Indicator reliability depends on the continuity of available trading data. Extended technical indicator views are accessible through
Equity Screeners. First Quantum has a market cap of 24.17 B, operating margin of 19.59%, ROE of -0.56%. See
Investing Opportunities for portfolio-level analysis. Portfolio positioning is summarized for reference. Position-level data supports the allocation summary. This information is provided for contextual purposes. A position in First Quantum Minerals appears within the mix. The position is captured in the allocation summary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
First Quantum Minerals has current Variance of 10.83. 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 |
| = | 10.83 | |
| 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
First Quantum Minerals is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.36 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for First Quantum Minerals sits at
1.36 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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