Canlan Ice Variance
| ICE Stock | | | CAD 4.03 -0.07 -1.71% |
The Variance calculation for Canlan Ice draws on price and volume history. Each data point is derived from standardized price and volume feeds. Canlan Ice has a market cap of 59.48 M, operating margin of 0.12%, current ratio of 0.68.
Risk vs Return Analysis can help frame allocation decisions. Including Canlan Ice Sports in a portfolio enables allocation and risk analysis. The dataset reflects available inputs without directional implication. Broader economic conditions can influence Canlan Ice Sports's company valuation — related indicators include
signals in inflation.
Canlan Ice Sports has current Variance of 6.87. 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 |
| = | 6.87 | |
| 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
Canlan Ice Sports is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
2.35 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Canlan Ice Sports sits at
2.35 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 Canlan Ice to Peers
Other Technical Indicators