Sparta Capital Variance
| SCAXF Stock | | | USD 0.0013 0.00 0.00% |
This technical indicator view for Variance organizes signals for Sparta Capital and comparable instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Sparta Capital has a market cap of 7.72 M, operating margin of -15.07%.
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Sparta Capital has current Variance of 137.62. 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 |
| = | 137.62 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Sparta Capital Variance Peers Comparison
Sparta Variance Relative To Other Indicators
Sparta Capital is rated
below average in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
0.65 Maximum Drawdown per unit of Variance. Sparta Capital carries a
1.53 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.
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