Freegold Ventures Variance
| FVL Stock | | | CAD 1.29 -0.07 -5.15% |
The Variance technical lookup provides context for Freegold Ventures Limited and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. Freegold Ventures has a market cap of 736.99 M, ROE of -0.61%. Review
Investing Opportunities for broader portfolio context. This reflects a position in Freegold Ventures Limited in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Freegold Ventures Limited has current Variance of 22.57. 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 |
| = | 22.57 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Freegold Ventures Variance Peers Comparison
Freegold Variance Relative To Other Indicators
Freegold Ventures Limited is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.19 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Freegold Ventures Limited sits at
1.19 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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