Western Resources Variance
| WRX Stock | | | CAD 0.04 0.00 0.00% |
Historical market data for Western Resources Corp forms the basis of the Variance indicator shown here. The calculation draws on time-series market data across available periods. Coverage may vary depending on data availability and normalization methods. Related indicator context is organized within
Equity Screeners. Western Resources has a market cap of 16.33 M, ROE of -1.24%. For allocation context, review
Your Current Watchlist. Portfolio positioning is summarized for reference. This captures an allocation to Western Resources Corp. This is part of the broader portfolio composition. How positions are weighted depends on the construction approach used. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Western Resources Corp has current Variance of 0. 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 |
| = | 0 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Relative To Other Indicators
Western Resources Corp takes the leading position in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors .
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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