Hastings Technology Variance
| HSRMF Stock | | | USD 0.30 -0.03 -9.09% |
The Variance profile for Hastings Technology Metals is based on historical price and volume observations. Related screening structures are referenced through
Equity Screeners. Hastings Technology has a market cap of 310.03 M, operating margin of -29.6%, ROE of -3.74%. Use
Risk vs Return Analysis to explore allocation context. This suggests a position in Hastings Technology Metals. Position weights are derived from the portfolio construction methodology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Hastings Technology Metals has current Variance of 147.98. 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 |
| = | 147.98 | |
| 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
Hastings Technology Metals ranks
third among pink sheets in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
0.64 Maximum Drawdown per unit of Variance. Hastings Technology Metals carries a
1.57 x Variance-to-Maximum Drawdown ratio
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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