Tethys Petroleum Variance
| TPL Stock | | | CAD 1.59 0.01 0.63% |
Observed values used in the Variance indicator for Tethys Petroleum are included in this dataset. The underlying data comes from exchange-reported trading records. Tethys Petroleum has a market cap of 181.47 M, operating margin of 33.31%, current ratio of 0.24. See
World Market Map for additional portfolio context. Including Tethys Petroleum in a portfolio enables allocation and risk analysis. The sizing of each position reflects the chosen allocation strategy. Broader economic conditions can influence Tethys Petroleum's company valuation — related indicators include
signals in inflation.
Tethys Petroleum has current Variance of 102.48. 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 |
| = | 102.48 | |
| 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
Tethys Petroleum falls in the
second position for variance across the peer group. It is currently under evaluation for maximum drawdown across the peer group reflecting a
0.59 ratio of Maximum Drawdown to Variance. Tethys Petroleum's Variance exceeds Maximum Drawdown by a factor of
1.70 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 Tethys Petroleum to Peers
Other Technical Indicators