Volcanic Gold Variance
| VLMZF Stock | | | USD 0.1 -0.01 -5.00% |
Technical inputs supporting the Variance indicator for Volcanic Gold Mines are shown here. The information is based on observed market data across timeframes. Volcanic Gold has a market cap of 6.76 M, ROE of -41.24%. Portfolio-level context is available through
World Market Map. The view reflects the current state of portfolio allocation. The portfolio view uses available data to frame composition. The holding in Volcanic Gold Mines represents an allocation. 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 nation.
Volcanic Gold Mines has current Variance of 208.52. 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 |
| = | 208.52 | |
| 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
Volcanic Gold Mines ranks
fourth among pink sheets in variance across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
0.70 Maximum Drawdown per unit of Variance. Volcanic Gold Mines carries a
1.43 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 Volcanic Gold to Peers
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