BP PLC Variance
| BP Stock | | | USD 44.62 -0.01 -0.02% |
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 BP PLC's current Variance with peer comparisons and related risk metrics.
Current Variance Value
BP PLC carries a Variance of 4.27, consistent with elevated price variability. This places BP PLC toward the higher end of the volatility range for Stock.
Variance | = | SUM(RET DEV)2N |
| = | 4.27 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
BP PLC's Variance of 4.27 falls above the 4.02 peer average. Values range from 1.36 (Enbridge) to 9.1 (Equinor ASA ADR), with wide dispersion across the group. BP PLC has exhibited greater price dispersion than the peer average over the measured period.
Variance Relative To Other Indicators
The chart below plots Variance against Maximum Drawdown for BP PLC 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.
BP PLC's Variance reads
4.27 while Maximum Drawdown reads
10.66 , a
2.50 ratio between the two. This indicates Maximum Drawdown is significantly higher than Variance for BP PLC.
Methodology, Assumptions & Data Sources
The current Variance for BP PLC is 4.27. BP PLC's Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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