International Petroleum Variance
| IPCO Stock | | | CAD 37.81 0.95 2.58% |
The Variance signal for International Petroleum Corp reflects patterns observed in trading data. All inputs are based on actual trading observations from supported exchanges. Indicator reliability depends on the continuity of available trading data. International Petroleum has a market cap of 4.27 B, operating margin of 11.6%, ROE of 3.1%. Use
Risk vs Return Analysis to explore allocation context. Allocation data is presented for contextual reference. This suggests a position in International Petroleum Corp. The position sits inside the allocation 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.
International Petroleum Corp has current Variance of 6.37. 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 |
| = | 6.37 | |
| 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
International Petroleum Corp lands at
#4 in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.66 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for International Petroleum Corp sits at
1.66 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 International Petroleum to Peers
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