Western Midstream Variance
| WES Stock | | | USD 40.60 0.01 0.02% |
Western Midstream variance lookup summarizes this and related technical indicators for Western Midstream Partners. Coverage depends on data availability and normalization;
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Western Midstream Partners has current Variance of 1.69. 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 |
| = | 1.69 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Western Midstream Variance Peers Comparison
Western Variance Relative To Other Indicators
Western Midstream Partners is rated
below average. in variance category among its top competitors. It is currently under evaluation. in maximum drawdown category among its top competitors reporting about
4.75 of Maximum Drawdown per Variance.
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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