Zymeworks Common Variance
| ZYME Stock | | | USD 26.47 -1.14 -4.13% |
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. Below is Zymeworks Common's current Variance with peer comparisons and related risk metrics.
Current Variance Value
At 5.96, Zymeworks Common exhibits elevated price variability in Variance. This places Zymeworks Common toward the higher end of the volatility range for Stock.
Variance | = | SUM(RET DEV)2N |
| = | 5.96 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Relative to peers, Zymeworks Common's Variance is below the group average of 25.58. Peer readings range from 8.58 (Pharvaris BV) to 71.17 (Upstream Bio), reflecting wide dispersion across the sector. Zymeworks Common has exhibited less price dispersion than the peer average over the measured period.
Variance Relative To Other Indicators
The chart below plots Variance against Maximum Drawdown for Zymeworks Common and its peers. Each point represents one equity — position along the horizontal axis shows Variance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
With Variance at
5.96 and Maximum Drawdown at
12.59 , Zymeworks Common shows a
2.11 -to-one ratio between these indicators. This indicates Maximum Drawdown is significantly higher than Variance for Zymeworks Common.
Methodology, Assumptions & Data Sources
Zymeworks Common's Variance currently stands at 5.96. Zymeworks Common's Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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