Texas Rare Variance
| TMRC Stock | | | USD 0.85 -0.03 -3.41% |
This technical indicator view for Variance organizes signals for Texas Rare Earth and comparable instruments. Availability can vary by instrument;
Equity Screeners offers additional screening access. Texas Rare has a market cap of 106.46 M, ROE of -82.29%. See
World Market Map for portfolio-level analysis. This suggests a position in Texas Rare Earth within the allocation view. 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 real.
Texas Rare Earth has current Variance of 104.5. 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 |
| = | 104.5 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Texas Rare Variance Peers Comparison
Texas Variance Relative To Other Indicators
Texas Rare Earth holds the
#2 position for variance relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers with a Maximum Drawdown-to-Variance ratio near
0.81 . The Variance to Maximum Drawdown ratio for Texas Rare Earth comes in at
1.23 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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