Kiora Pharmaceuticals Variance
| KPRX Stock | | | USD 2.09 0.06 2.96% |
The Variance indicator for Kiora Pharmaceuticals is constructed from normalized market data. Values reflect historical observations within the available dataset. The depth of trading history affects the precision of the indicator. Kiora Pharmaceuticals has a market cap of 7.69 M, ROE of -32.58%. Review
Correlation Analysis for a broader allocation view. Portfolio composition is shown for contextual purposes. The allocation view reflects recorded position information. The portfolio reflects a holding in Kiora Pharmaceuticals. The weighting is visible within the allocation breakdown. The relative size of each holding follows the allocation framework. The data shown is informational and should not be interpreted as guidance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Our
How to Buy Kiora Stock guide explains the steps to invest in Kiora Pharmaceuticals stock.
Kiora Pharmaceuticals has current Variance of 7.02. 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 |
| = | 7.02 | |
| 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
Kiora Pharmaceuticals is rated
below average in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
1.76 of Maximum Drawdown per Variance. At
1.76 , Kiora Pharmaceuticals's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
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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