Sayona Mining Variance
| SYAXF Stock | | | USD 5.15 0.14 2.79% |
Sayona Mining variance lookup summarizes this and related technical indicators for Sayona Mining Limited. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Sayona Mining has market cap of 1.52 B, P/E of 15.0, operating margin of -40.74%. Use
World Market Map to explore allocation context. This includes a position in Sayona Mining Limited within the portfolio mix. 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 housing.
Sayona Mining Limited has current Variance of 35.79. 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 |
| = | 35.79 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Sayona Mining Variance Peers Comparison
Sayona Variance Relative To Other Indicators
Sayona Mining Limited is evaluated as
third in Variance in variance category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
0.75 of Maximum Drawdown per Variance. The ratio of Variance to Maximum Drawdown for Sayona Mining Limited is roughly
1.34 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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