Royal Bank Variance
| RY Stock | | | CAD 222.00 -2.51 -1.12% |
Observed values used in the Variance indicator for Royal Bank of are included in this dataset. The information is based on observed market data across timeframes. Royal Bank has a market cap of 309.9 B, operating margin of 46.19%. Portfolio-level context is available through
Your Equity Center. Portfolio analysis tools can evaluate how Royal Bank of fits within a broader allocation. Performance attribution breaks down contribution by individual holding. Broader economic conditions can influence Royal Bank of's company valuation — related indicators include
signals in population.
Royal Bank of has current Variance of 0.8003. 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.
Variance | = | SUM(RET DEV)2N |
| = | 0.8003 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
Royal Bank of is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
4.76 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Royal Bank of sits at
4.76 Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare Royal Bank to Peers
Other Technical Indicators