Best Buy Variance
| BBY Stock | | | USD 60.45 -1.05 -1.71% |
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 Best Buy's current Variance with peer comparisons and related risk metrics.
Current Variance Value
Best Buy registers a Variance of 4.46, reflecting elevated price variability. This places Best Buy toward the higher end of the volatility range for Computer & Electronics Retail.
Variance | = | SUM(RET DEV)2N |
| = | 4.46 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Best Buy's Variance of 4.46 falls below the 5.88 peer average. Values range from 2.23 (Caseys General Stores) to 15.51 (Nio Class A), with wide dispersion across the group. Best Buy 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 Best Buy 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.
Best Buy's Maximum Drawdown of
11.67 runs about
2.62 times its Variance of
4.46 . This indicates Maximum Drawdown is significantly higher than Variance for Best Buy.
Methodology, Assumptions & Data Sources
Best Buy's Variance currently stands at 4.46. This Variance reading for Best Buy results from applying the indicator's calculation rules to price and volume data over the selected window. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Best Buy operates in the consumer discretionary sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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