Majestic Gold Variance
| MJS Stock | | | CAD 0.16 0.01 6.67% |
This module presents the Variance indicator for Majestic Gold Corp using available market inputs. The indicator computation uses normalized market activity data. Majestic Gold has a market cap of 161.61 M, operating margin of 43.67%, current ratio of 1.11. Use
Correlation Analysis to view allocation positioning. Monitoring Majestic Gold Corp within a portfolio highlights how it interacts with other holdings. This information is provided for contextual purposes. Broader economic conditions can influence Majestic Gold Corp's company valuation — related indicators include
signals in inflation.
Majestic Gold Corp has current Variance of 26.1. 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 |
| = | 26.1 | |
| 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
Majestic Gold Corp falls in the
fourth position for variance across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
1.01 ratio of Maximum Drawdown to Variance. Majestic Gold Corp's Maximum Drawdown exceeds Variance by a factor of
1.01 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 Majestic Gold to Peers
Other Technical Indicators