Omai Gold Variance
| OMGGF Stock | | | USD 1.31 -0.09 -6.43% |
Omai Gold variance lookup summarizes this and related technical indicators for Omai Gold Mines. Some instruments may have limited coverage due to data differences;
Equity Screeners lists screening tools. Omai Gold has a market cap of 19.99 M, ROE of -147.2%.
Your Equity Center can help frame allocation decisions. This includes a position in Omai Gold Mines in the portfolio view. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as
signals in price.
Omai Gold Mines has current Variance of 18.34. 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 |
| = | 18.34 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Omai Gold Variance Peers Comparison
Omai Variance Relative To Other Indicators
Omai Gold Mines is rated
below average in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
1.05 Maximum Drawdown per unit of Variance. Omai Gold Mines carries a
1.05 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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