Torex Gold Variance
| TORXF Pink Sheet | | | USD 40.40 -2.21 -5.19% |
The Variance indicator for Torex Gold is constructed from normalized market data. The
Equity Screeners module supports multi-indicator technical analysis. Torex Gold has a market cap of 1.1 B, operating margin of 34.61%, current ratio of 3.17. Use
World Market Map to explore allocation context. Torex Gold Resources can be added to a watchlist or portfolio for position tracking. Performance attribution breaks down contribution by individual holding. Broader economic conditions can influence Torex Gold Resources's company valuation — related indicators include
signals in services.
Torex Gold Resources has current Variance of 22.58. 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 |
| = | 22.58 | |
| 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
Torex Gold Resources ranks
second among pink sheets in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
0.97 Maximum Drawdown per unit of Variance. Torex Gold Resources carries a
1.03 x Variance-to-Maximum Drawdown ratio
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 Torex Gold to Peers
Other Technical Indicators