Lithium Americas Variance
| LAC Stock | | | CAD 5.40 0.29 5.68% |
The Variance calculation for Lithium Americas draws on price and volume history. All inputs are based on actual trading observations from supported exchanges. Lithium Americas has a market cap of 1.88 B, current ratio of 10.38. Use
Correlation Analysis to view allocation positioning. Portfolio tools allow users to monitor Lithium Americas Corp alongside other positions. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence Lithium Americas Corp's company valuation — related indicators include
signals in inflation.
Lithium Americas Corp has current Variance of 21.12. 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 |
| = | 21.12 | |
| 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
Lithium Americas Corp is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
0.94 in Maximum Drawdown for each unit of Variance. The spread between Variance and Maximum Drawdown for Lithium Americas Corp sits at
1.06 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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