Citizens Financial Variance
| CFG Stock | | | USD 64.21 -1.41 -2.15% |
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 Citizens Financial's current Variance with peer comparisons and related risk metrics.
Current Variance Value
Citizens Financial's Variance of 2.95 reflects moderate price variability. This places Citizens Financial within the typical volatility range for Regional Banks.
Variance | = | SUM(RET DEV)2N |
| = | 2.95 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Among sector peers, Citizens Financial's Variance of 2.95 is below the 3.14 group average. The range runs from 2.23 (MT Bank) to 6.82 (Western Alliance Bancorporation). Citizens Financial 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 Citizens Financial 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.
Citizens Financial records a Variance of
2.95 and a Maximum Drawdown of
7.99 , yielding roughly
2.71 units of Maximum Drawdown per Variance. This indicates Maximum Drawdown is significantly higher than Variance for Citizens Financial.
Methodology, Assumptions & Data Sources
Citizens Financial has a current Variance reading of 2.95. The Variance for Citizens Financial is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Citizens Financial operates in the financial services sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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