Interoil Exploration Variance
| IOX Stock | | | NOK 4.66 -0.53 -10.21% |
Observed values used in the Variance indicator for Interoil Exploration and are included in this dataset. The underlying data comes from exchange-reported trading records. Interoil Exploration has a market cap of 183.98 M, operating margin of 18.13%, current ratio of 0.23. Allocation context is available in
Risk vs Return Analysis. Portfolio tools allow users to monitor Interoil Exploration and alongside other positions. All values are presented as reference data. Broader economic conditions can influence Interoil Exploration and's company valuation — related indicators include
signals in inflation.
Interoil Exploration and has current Variance of 1036.67. 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 |
| = | 1036.67 | |
| 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
Interoil Exploration and sits atop the peer group for variance within its peer group. It is currently under evaluation for maximum drawdown within its peer group where Maximum Drawdown runs almost
0.23 per Variance. Interoil Exploration and's Variance registers at
4.29 relative to Maximum Drawdown
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 Interoil Exploration to Peers
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