Petro Matad Variance
| PRTDF Stock | | | USD 0.02 0.00 0.00% |
This dataset for Petro Matad Limited reflects inputs used in the Variance calculation. Values are derived from historical price and volume observations. Data coverage may vary across sources and reporting intervals. Petro Matad has a market cap of 39.71 M, ROE of -14.61%. Use
Your Equity Center to explore allocation context. Allocation data is presented for contextual reference. A position in Petro Matad Limited is indicated here. This is part of the broader portfolio composition. Position allocation is driven by the portfolio construction model. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in discontinued.
Petro Matad Limited has current Variance of 1703.66. 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 |
| = | 1703.66 | |
| 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
Petro Matad Limited ranks
third among pink sheets in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
0.19 Maximum Drawdown per unit of Variance. Petro Matad Limited carries a
5.24 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 Petro Matad to Peers
Other Technical Indicators