Erdene Resource Variance vs. Potential Upside

ERDCF Stock  USD 0.38  0.01  2.70%   
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Erdene Resource Development has current Variance of 15.98. 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)2

N

 = 
15.98
SUM = Summation notation
RET DEV = Actual returns deviation over selected period
N = Number of points for the period

Erdene Resource Variance Peers Comparison

Erdene Variance Relative To Other Indicators

Erdene Resource Development is rated below average in variance category among its peers. It is currently under evaluation in potential upside category among its peers reporting about  0.48  of Potential Upside per Variance. The ratio of Variance to Potential Upside for Erdene Resource Development is roughly  2.08 
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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