Goldman Stock Story

Closer look at Goldman Sachs Variance

Goldman Sachs Group has current Variance of 2.77. 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 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.

Variance   =  SUM(RET DEV)2  N

=

2.77

SUM	=	Summation notation
RET DEV	=	Actual returns deviation over selected period
N	=	Number of points for the period

Let's now compare Goldman Sachs Variance to its closest peers:

	GS	2.7698676572414693
	AMRK	7.02
	ARBK	33.84
	ATIF	19.07
	ATYM	148.5

Another small fall for Goldman Sachs

Goldman Sachs treynor ratio is up to -0.01.

While other companies in the capital markets industry are either recovering or due for a correction, Goldman Sachs may not be performing as strong as the other in terms of long-term growth potentials. To conclude, as of the 17th of January 2022, we see that Goldman Sachs responds to the market. The enterprise is undervalued with average odds of financial turmoil within the next 24 months. Our overall 90 days buy-hold-sell recommendation on the enterprise is Strong Buy.