Generation Mining Variance
| GENM Stock | | | CAD 0.53 -0.02 -3.64% |
The Variance indicator for Generation Mining is derived from observed market data. Some instruments may report limited inputs depending on trading history. Generation Mining has a market cap of 169.04 M, ROE of -9.57%. Review
Risk vs Return Analysis for broader portfolio context. This reflects a position in Generation Mining. This is situated within the portfolio mix. 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.
Generation Mining has current Variance of 25.51. 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 |
| = | 25.51 | |
| 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
Generation Mining is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
0.93 in Maximum Drawdown for each unit of Variance. The spread between Variance and Maximum Drawdown for Generation Mining sits at
1.07 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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