Portofino Resources Variance
| PFFOF Stock | | | USD 0.01 -0.0004 -6.25% |
This dataset for Portofino Resources reflects inputs used in the Variance calculation. All values reflect available price and volume data across reporting intervals. Data availability for the calculation period determines indicator completeness. Extended technical indicator views are accessible through
Equity Screeners. Portofino Resources has a market cap of 6.13 M, ROE of -4.7%.
Your Equity Center can help frame allocation decisions. The view reflects the current state of portfolio allocation. This captures an allocation to Portofino Resources. It is represented within the portfolio holdings. The allocation framework shapes how individual positions are weighted. The information is presented without directional commentary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Portofino Resources has current Variance of 336.93. 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 |
| = | 336.93 | |
| 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
Portofino Resources is rated
below average in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
0.28 Maximum Drawdown per unit of Variance. Portofino Resources carries a
3.58 x Variance-to-Maximum Drawdown 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.
Compare Portofino Resources to Peers
Other Technical Indicators