Unigold Variance
| UGDIF Stock | | | USD 0.26 -0.02 -7.14% |
The Variance technical lookup provides context for Unigold and related instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Unigold has a market cap of 9.26 M, ROE of -3.29%. Review
World Market Map for broader portfolio context. This reflects a position in Unigold 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 gross domestic product.
Unigold has current Variance of 47.92. 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 |
| = | 47.92 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Unigold Variance Peers Comparison
Unigold Variance Relative To Other Indicators
Unigold is evaluated as
fourth in variance category among its top competitors. It is currently under evaluation. in maximum drawdown category among its top competitors reporting about
0.65 of Maximum Drawdown per Variance. The ratio of Variance to Maximum Drawdown for Unigold is roughly
1.55 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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