SSR Mining Variance
| SSRM Stock | | | USD 22.99 -1.10 -4.57% |
The Variance indicator for SSR Mining is constructed from normalized market data. Values reflect historical observations within the available dataset. SSR Mining has a market cap of 4.9 B, operating margin of 43.11%, ROE of 8.77%. Use
World Market Map to explore allocation context. The allocation summary reflects available position data. Composition figures are derived from reported holdings. All values are presented as reference data. This includes a position in SSR Mining. The position sits inside the allocation mix. Portfolio construction methods define how positions are sized. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Our
How to Buy SSR Stock guide explains the steps to invest in SSR Mining stock.
SSR Mining has current Variance of 25.96. 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 |
| = | 25.96 | |
| 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
SSR Mining takes the leading position in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.05 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for SSR Mining sits at
1.05 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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