BlueScope Steel Standard Deviation
| BLSFFDelisted Stock | | | USD 15.07 0.00 0.00% |
Observed values used to calculate the Standard Deviation technical indicator for BlueScope Steel Limited. Certain instruments may report limited data depending on market coverage.
BlueScope Steel Limited has current Standard Deviation of 5.59. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.
Standard Deviation | = | SQRT(V) |
| = | 5.59 | |
Standard Deviation Peers Comparison
Standard Deviation Relative To Other Indicators
BlueScope Steel Limited holds the top spot in standard deviation across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
10.06 Maximum Drawdown per unit of Standard Deviation. BlueScope Steel Limited carries a
10.06 x Maximum Drawdown-to-Standard Deviation ratio
Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.
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