Elbit Systems Variance
| ESLT Stock | | | USD 821.96 -30.38 -3.56% |
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 Elbit Systems's current Variance with peer comparisons and related risk metrics.
Current Variance Value
At 11.47, Elbit Systems's Variance indicates elevated price variability. This places Elbit Systems toward the higher end of the volatility range for Aerospace & Defense.
Variance | = | SUM(RET DEV)2N |
| = | 11.47 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
The peer group averages 7.35 for Variance, with Elbit Systems at 11.47 falling above that level. Readings span 2.47 (Veralto) to 22.96 (AeroVironment). Elbit Systems 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 Elbit Systems 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.
Comparing Variance (
11.47 ) to Maximum Drawdown (
22.09 ) for Elbit Systems yields a
1.93 multiple. This indicates Maximum Drawdown moderately exceeds Variance for Elbit Systems.
Methodology, Assumptions & Data Sources
The current Variance for Elbit Systems is 11.47. The Variance for Elbit Systems applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Elbit Systems operates in the industrials 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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