Snipp Interactive Variance
| SPN Stock | | | CAD 0.06 0.01 9.09% |
Observed values used in the Variance indicator for Snipp Interactive are included in this dataset. The information is based on observed market data across timeframes. Snipp Interactive has a market cap of 17.23 M, operating margin of 3.42%, current ratio of 1.26.
World Market Map can help frame allocation decisions. Snipp Interactive can be added to a watchlist or portfolio for position tracking. All metrics are derived from available inputs and shown for reference. Broader economic conditions can influence Snipp Interactive's company valuation — related indicators include
signals in inflation.
Snipp Interactive has current Variance of 40.79. 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 |
| = | 40.79 | |
| 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
Snipp Interactive falls in the
fifth position for variance across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
0.84 ratio of Maximum Drawdown to Variance. Snipp Interactive's Variance exceeds Maximum Drawdown by a factor of
1.20 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 Snipp Interactive to Peers
Other Technical Indicators