New HopeLtd Variance
| NHPEF Stock | | | USD 4.10 0.15 3.80% |
The Variance indicator for New Hope is derived from observed market data. The dataset is based on observed market activity where data is available. New HopeLtd has a market cap of 3.33 B, operating margin of 56.1%, ROE of 48.4%. See
Correlation Analysis for portfolio-level analysis. A position in New Hope is indicated here. It is reflected in the overall portfolio structure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
New Hope has current Variance of 9.45. 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 |
| = | 9.45 | |
| 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
New Hope ranks
second among pink sheets in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
1.81 Maximum Drawdown per unit of Variance. New Hope carries a
1.81 x Maximum Drawdown-to-Variance ratio
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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Other Technical Indicators