Nord Precious Variance
| NTH Stock | | | 0.25 0.01 4.17% |
This technical indicator view for Variance organizes signals for Nord Precious Metals and comparable instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Review
Correlation Analysis to understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This suggests a position in Nord Precious Metals within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Nord Precious Metals has current Variance of 34.29. 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 |
| = | 34.29 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Nord Precious Variance Peers Comparison
Nord Variance Relative To Other Indicators
Nord Precious Metals is rated
below average. in variance category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
0.79 of Maximum Drawdown per Variance. The ratio of Variance to Maximum Drawdown for Nord Precious Metals is roughly
1.26 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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