Caesars Entertainment Variance
| CZR Stock | | | USD 28.11 -0.01 -0.04% |
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 Caesars Entertainment's current Variance with peer comparisons and related risk metrics.
Current Variance Value
With Variance at 16.14, Caesars Entertainment shows elevated price variability. This places Caesars Entertainment toward the higher end of the volatility range for Hotels, Restaurants & Leisure.
Variance | = | SUM(RET DEV)2N |
| = | 16.14 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Caesars Entertainment falls above the 6.85 peer average for Variance. Bed Bath Beyond leads at 19.07 while Brightstar Lottery PLC registers the lowest at 2.87. Caesars Entertainment 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 Caesars Entertainment 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.
Caesars Entertainment's Variance reads
16.14 while Maximum Drawdown reads
22.98 , a
1.42 ratio between the two. This indicates Maximum Drawdown moderately exceeds Variance for Caesars Entertainment.
Methodology, Assumptions & Data Sources
Caesars Entertainment has a current Variance reading of 16.14. Caesars Entertainment's Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Caesars Entertainment operates in the consumer discretionary sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The output reflects the selected calculation window — changing the horizon will produce different readings. This stock metric is provided for analytical reference.
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