TransAlta Corp Variance
| TA Stock | | | CAD 16.22 -0.82 -4.81% |
The Variance calculation for TransAlta Corp draws on price and volume history. The depth of trading history affects the precision of the indicator. TransAlta Corp has a market cap of 4.81 B, operating margin of 12.35%, ROE of -9.55%. Review
World Market Map for a broader allocation view. This reflects a position in TransAlta Corp. This is situated within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
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TransAlta Corp has current Variance of 5.91. 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 |
| = | 5.91 | |
| 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
TransAlta Corp takes the leading position in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.98 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for TransAlta Corp sits at
1.98 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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