Phoenix Copper Variance
| PXCLY Stock | | | USD 0.18 0.00 0.00% |
The Variance indicator for Phoenix Copper is constructed from normalized market data. Some instruments may report limited inputs depending on trading history. Phoenix Copper has a market cap of 61.42 M, ROE of -4.8%. Portfolio-level context is available through
Your Equity Center. The allocation shows a weighting toward Phoenix Copper Limited. The weighting is visible within the allocation breakdown. 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 board of governors.
Phoenix Copper Limited has current Variance of 34.57. 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 |
| = | 34.57 | |
| 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
Phoenix Copper Limited is rated
below average in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
1.80 of Maximum Drawdown per Variance. At
1.80 , Phoenix Copper Limited's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
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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