Paramount Resources Variance
| POU Stock | | | CAD 30.00 0.23 0.77% |
Technical inputs supporting the Variance indicator for Paramount Resources are shown here. The information is based on observed market data across timeframes. Paramount Resources has a market cap of 4.3 B, operating margin of -9.28%, ROE of 40.23%. See
Your Equity Center for additional portfolio context. The view frames allocation within the broader portfolio. Portfolio data reflects current holdings and their weights. The portfolio reflects a holding in Paramount Resources. The weighting is visible within the allocation breakdown. The relative size of each holding follows the allocation framework. 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.
Paramount Resources has current Variance of 3.6. 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 |
| = | 3.6 | |
| 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
Paramount Resources is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
2.38 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Paramount Resources sits at
2.38 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 Paramount Resources to Peers
Other Technical Indicators