NovaBridge Biosciences Standard Deviation
| NBP Stock | | | 3.73 0.07 1.91% |
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NovaBridge Biosciences has current Standard Deviation of 4.81. 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) |
| = | 4.81 | |
NovaBridge Biosciences Standard Deviation Peers Comparison
NovaBridge Standard Deviation Relative To Other Indicators
NovaBridge Biosciences is rated
below average in standard deviation category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
4.69 of Maximum Drawdown per Standard Deviation. The ratio of Maximum Drawdown to Standard Deviation for NovaBridge Biosciences is roughly
4.69 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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