Mayfair Gold Standard Deviation

MFG Stock  CAD 1.91  0.03  1.55%   
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Mayfair Gold Corp has current Standard Deviation of 2.6. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.

Standard Deviation

=

SQRT(V)

 = 
2.6
SQRT = Square root notation
V =   Variance of Mayfair Gold returns

Mayfair Gold Standard Deviation Peers Comparison

Mayfair Standard Deviation Relative To Other Indicators

Mayfair Gold Corp is regarded fourth in standard deviation category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  5.86  of Maximum Drawdown per Standard Deviation. The ratio of Maximum Drawdown to Standard Deviation for Mayfair Gold Corp is roughly  5.86 
Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.
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