North European Variance
| NRT Stock | | | USD 8.12 0.02 0.25% |
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 North European's current Variance with peer comparisons and related risk metrics.
Current Variance Value
The current Variance of 20.96 places North European at elevated price variability. This places North European toward the higher end of the volatility range for Stock.
Variance | = | SUM(RET DEV)2N |
| = | 20.96 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
North European falls below the 21.82 peer average for Variance. MV Oil Trust leads at 90.5 while Cross Timbers Royalty registers the lowest at 3.89. North European 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 North European 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 (
20.96 ) to Maximum Drawdown (
25.17 ) for North European yields a
1.20 multiple. This indicates Maximum Drawdown moderately exceeds Variance for North European.
Methodology, Assumptions & Data Sources
North European's Variance currently stands at 20.96. This Variance reading for North European results from applying the indicator's calculation rules to price and volume data over the selected window. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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