Methanex Variance
| MX Stock | | | CAD 77.51 4.89 6.73% |
Observed values used in the Variance indicator for Methanex are included in this dataset. The information is based on observed market data across timeframes. Data coverage may vary across sources and reporting intervals. Comparable indicator datasets are structured within
Equity Screeners. Methanex has a market cap of 5.99 B, operating margin of 4.9%, ROE of 5.67%. Portfolio-level context is available through
Correlation Analysis. The view reflects the current state of portfolio allocation. A position in Methanex is part of the allocation. This appears in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
The
How to Trade Methanex Stock guide covers approaches for trading Methanex effectively.
Methanex has current Variance of 13.86. 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 |
| = | 13.86 | |
| 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
Methanex is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.48 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Methanex sits at
1.48 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 Methanex to Peers
Other Technical Indicators