Orezone Gold Variance
| ORE Stock | | | 2.15 0.10 4.88% |
The Variance indicator for Orezone Gold Corp is derived from observed market data. For broader technical screening across instruments, see
Equity Screeners. Orezone Gold has a market cap of 1.64 B, operating margin of 31.78%, current ratio of 12.0. Review
Your Equity Center for a broader allocation view. Portfolio tools allow users to monitor Orezone Gold Corp alongside other positions. The information is presented without directional commentary. Broader economic conditions can influence Orezone Gold Corp's company valuation — related indicators include
signals in inflation.
Orezone Gold Corp has current Variance of 22.41. 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 |
| = | 22.41 | |
| 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
Orezone Gold Corp lands at
#4 in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.19 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Orezone Gold Corp sits at
1.19 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 Orezone Gold to Peers
Other Technical Indicators