Definition of Variance:
The fact or quality of being different, divergent, or inconsistent.
Statistics: The arithmetic mean of the squares of the deviations of all values in a set of numbers from their arithmetic mean. Variance and its square root (the standard deviation) are of fundamental importance as a measure of dispersion.
The difference between an expected and actual result, such as between a budget and actual expenditure.
In investing, the variance of the returns among assets in a portfolio is analyzed as a means of achieving the best asset allocation. The variance equation, in financial terms, is a formula for comparing the performance of the elements of a portfolio against each other and against the mean.
Variance (σ2) in statistics is a measurement of the spread between numbers in a data set. That is, it measures how far each number in the set is from the mean and therefore from every other number in the set.
Synonyms of Variance
Agreement to disagree, Alienation, Antagonism, Apostasy, Argument, Argumentation, At variance, Change, Clashing, Conflict, Contention, Contradiction, Contrariety, Contrast, Controversy, Counter-culture, Cross-purposes, Debate, Departure, Deviation, Difference, Difference of opinion, Difficulty, Disaccord, Disaccordance, Disagreement, Disapprobation, Disapproval, Disconformity, Discongruity, Discord, Discordance, Discordancy, Discrepancy, Discreteness, Disharmony, Disparity, Dispute, Dissatisfaction, Dissension, Dissent, Dissentience, Dissidence, Dissimilarity, Dissonance, Distinction, Distinctness, Disunion, Disunity, Divergence, Divergency, Diversity, Dividedness, Division, Dropping out, Faction, Far cry, Fluctuation, Heterogeneity, In disagreement, In dispute, Inaccordance, Incompatibility, Incongruity, Inconsistency, Inconsonance, Inequality, Inharmoniousness, Inharmony, Irreconcilability, Jarring, Minority opinion, Misunderstanding, Mixture, Negation, Nonagreement, Nonassent, Nonconcurrence, Nonconformity, Nonconsent, Odds, Opposition, Oppugnancy, Otherness, Polarization, Quarrel, Recusance, Recusancy, Rejection, Repudiation, Repugnance, Rift, Schism, Secession, Separateness, Separation, Severing, Strife, Unconformity, Underground, Unharmoniousness, Unlikeness, Unorthodoxy, Variation, Variegation, Variety, Withdrawal, Difference, Variation, Discrepancy, Dissimilarity, Disagreement, Conflict, Divergence, Deviation, Contrast, Distinction, Contradiction, Imbalance, Incongruity
How to use Variance in a sentence?
- There was a lot of variance in our budget this year, so we will have to cut back on the number of yacht trips that we take.
- There is a large variance between what the company predicted it was going to make and what the company actually made.
- In investing, variance is used to compare the relative performance of each asset in a portfolio.
- Her light tone was at variance with her sudden trembling.
- Because the results can be difficult to analyze, standard deviation is often used instead of variance.
- In either case, the goal for the investor is to improve asset allocation.
Meaning of Variance & Variance Definition