Fortuna Silver Variance
| FSM Stock | | | USD 9.15 -0.37 -3.89% |
This dataset for Fortuna Silver Mines reflects inputs used in the Variance calculation. All values reflect available price and volume data across reporting intervals. Fortuna Silver has a market cap of 2.81 B, operating margin of 43.43%, current ratio of 2.26. Allocation context is available in
Investing Opportunities. Fortuna Silver Mines can be included in a portfolio to evaluate diversification impact. Risk and return metrics update as positions are added or adjusted. Broader economic conditions can influence Fortuna Silver Mines's company valuation — related indicators include
signals in main economic indicators.
Fortuna Silver Mines has current Variance of 21.19. 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 |
| = | 21.19 | |
| 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
Fortuna Silver Mines is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.05 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Fortuna Silver Mines sits at
1.05 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 Fortuna Silver to Peers
Other Technical Indicators