NovaGold Resources Variance
| NG Stock | | | USD 12.30 -0.01 -0.08% |
NovaGold Resources variance lookup summarizes this and related technical indicators for NovaGold Resources. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. NovaGold Resources has market cap of 5.41 B, ROE of -1.63%. Use
Correlation Analysis to explore allocation context. This includes a position in NovaGold Resources 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 census.
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How to Invest in NovaGold Resources guide.
NovaGold Resources has current Variance of 29.92. 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 |
| = | 29.92 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
NovaGold Resources Variance Peers Comparison
NovaGold Variance Relative To Other Indicators
NovaGold Resources holds the number one position in variance category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
1.10 of Maximum Drawdown per Variance. The ratio of Maximum Drawdown to Variance for NovaGold Resources is roughly
1.10 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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