TVA Variance
| TVA-B Stock | | | CAD 1.15 0.05 4.55% |
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 TVA's current Variance with peer comparisons and related risk metrics.
Current Variance Value
TVA registers a Variance of 38.63, reflecting elevated price variability. This places TVA toward the higher end of the volatility range for Broadcasting.
Variance | = | SUM(RET DEV)2N |
| = | 38.63 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
TVA falls below the 58.42 peer average for Variance. Corus Entertainment leads at 271.89 while Glacier Media registers the lowest at 7.29. TVA 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 TVA 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 (
38.63 ) to Maximum Drawdown (
37.23 ) for TVA yields a
0.96 multiple. The two measures are closely aligned in magnitude for TVA. For TVA Group, Variance stands at
1.04 times Maximum Drawdown
Methodology, Assumptions & Data Sources
TVA's Variance currently stands at 38.63. This Variance reading for TVA 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. TVA operates in the communication services sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
Other Technical Indicators