Nabors Industries Variance
| NBR Stock | | | USD 96.52 -2.91 -2.93% |
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 Nabors Industries's current Variance with peer comparisons and related risk metrics.
Current Variance Value
Nabors Industries carries a Variance of 12.1, consistent with elevated price variability. This places Nabors Industries toward the higher end of the volatility range for Energy Equipment & Services.
Variance | = | SUM(RET DEV)2N |
| = | 12.1 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Nabors Industries's Variance of 12.1 falls below the 13.86 peer average. Values range from 0.3356 (Tsakos Energy Navigation) to 51.85 (Sable Offshore Corp), with wide dispersion across the group. Nabors Industries 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 Nabors Industries 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.
Nabors Industries's Variance reads
12.10 while Maximum Drawdown reads
16.84 , a
1.39 ratio between the two. This indicates Maximum Drawdown moderately exceeds Variance for Nabors Industries.
Methodology, Assumptions & Data Sources
Nabors Industries' Variance currently stands at 12.1. Nabors Industries' Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Nabors Industries operates in the energy 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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