National Australia Variance
| NAB Stock | | | 40.08 -0.08 -0.20% |
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 National Australia's current Variance with peer comparisons and related risk metrics.
Current Variance Value
A Variance of 2.94 for National Australia signals moderate price variability. This places National Australia within the typical volatility range for Diversified Banks.
Variance | = | SUM(RET DEV)2N |
| = | 2.94 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
National Australia's Variance of 2.94 falls below the 44.85 peer average. Values range from 4.36 (Super Retail Group) to 229.61 (Australian Strategic Materials), with wide dispersion across the group. National Australia 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 National Australia 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 (
2.94 ) to Maximum Drawdown (
8.42 ) for National Australia yields a
2.86 multiple. This indicates Maximum Drawdown is significantly higher than Variance for National Australia.
Methodology, Assumptions & Data Sources
National Australia's Variance currently stands at 2.94. The Variance for National Australia is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. National Australia operates in the financial services sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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