Schlumberger Variance
| SLB Stock | | | USD 44.56 -3.61 -7.49% |
The Variance technical lookup provides context for Schlumberger NV and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. Schlumberger has a market cap of 72.31 B, operating margin of 15.99%, ROE of 13.9%. Review
World Market Map for broader portfolio context. This reflects a position in Schlumberger NV in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Schlumberger NV has current Variance of 6.1. 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 |
| = | 6.1 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Schlumberger Variance Peers Comparison
Schlumberger Variance Relative To Other Indicators
Schlumberger NV ranks first in variance among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
2.33 of Maximum Drawdown per Variance. At
2.33 , Schlumberger NV's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
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.
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