Old Market Variance
| OMCC Stock | | | 4.07 -0.63 -13.40% |
Reference data associated with the Variance technical indicator for Old Market Capital. Coverage may vary depending on data feeds and normalization methods.
Old Market Capital has current Variance of 61.07. 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 |
| = | 61.07 | |
| 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
Old Market Capital holds the
#2 position for variance relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers with a Maximum Drawdown-to-Variance ratio near
0.68 . The Variance to Maximum Drawdown ratio for Old Market Capital comes in 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 Old Market to Peers
Other Technical Indicators