Standard Deviations by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2019

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/optvar.xls

For global datasets: http://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html

can be obtained by clicking here

on which companies are included in each industry

Industry Name Number of Firms Std Deviation in Equity Std Deviation in Firm Value E/(D+E) D/(D+E)
Advertising 48 66.44% 45.38% 58.46% 41.54%
Aerospace/Defense 85 40.77% 34.28% 79.75% 20.25%
Air Transport 18 34.19% 21.97% 52.68% 47.32%
Apparel 50 48.89% 39.00% 74.07% 25.93%
Auto & Truck 14 38.24% 20.02% 33.85% 66.15%
Auto Parts 52 44.28% 34.45% 71.45% 28.55%
Bank (Money Center) 10 18.29% 9.48% 32.91% 67.09%
Banks (Regional) 633 20.60% 13.81% 56.65% 43.35%
Beverage (Alcoholic) 31 33.49% 26.83% 74.53% 25.47%
Beverage (Soft) 37 50.32% 42.78% 80.95% 19.05%
Broadcasting 24 37.29% 21.09% 40.89% 59.11%
Brokerage & Investment Banking 38 32.08% 15.33% 25.21% 74.79%
Building Materials 42 33.40% 26.92% 75.19% 24.81%
Business & Consumer Services 168 44.86% 35.66% 73.70% 26.30%
Cable TV 14 26.32% 18.00% 58.58% 41.42%
Chemical (Basic) 39 54.33% 37.73% 60.07% 39.93%
Chemical (Diversified) 6 32.60% 25.76% 73.10% 26.90%
Chemical (Specialty) 89 42.33% 34.19% 75.40% 24.60%
Coal & Related Energy 23 53.58% 37.08% 59.74% 40.26%
Computer Services 119 41.69% 32.56% 71.85% 28.15%
Computers/Peripherals 57 49.87% 42.00% 79.92% 20.08%
Construction Supplies 48 32.24% 24.38% 68.55% 31.45%
Diversified 23 39.46% 31.40% 73.82% 26.18%
Drugs (Biotechnology) 481 68.96% 60.30% 84.09% 15.91%
Drugs (Pharmaceutical) 237 72.45% 65.25% 87.44% 12.56%
Education 35 37.66% 30.73% 76.49% 23.51%
Electrical Equipment 116 57.29% 49.11% 81.87% 18.13%
Electronics (Consumer & Office) 19 62.71% 58.28% 91.10% 8.90%
Electronics (General) 160 46.69% 40.71% 83.77% 16.23%
Engineering/Construction 52 40.14% 29.95% 67.17% 32.83%
Entertainment 120 54.34% 47.24% 83.43% 16.57%
Environmental & Waste Services 91 46.15% 37.08% 74.83% 25.17%
Farming/Agriculture 33 29.07% 20.20% 60.15% 39.85%
Financial Svcs. (Non-bank & Insurance) 259 27.33% 11.32% 8.08% 91.92%
Food Processing 83 27.46% 20.68% 68.12% 31.88%
Food Wholesalers 18 40.99% 31.15% 69.03% 30.97%
Furn/Home Furnishings 30 43.51% 32.21% 66.37% 33.63%
Green & Renewable Energy 21 69.48% 39.16% 40.58% 59.42%
Healthcare Products 248 56.32% 50.55% 87.06% 12.94%
Healthcare Support Services 111 48.13% 38.15% 73.41% 26.59%
Heathcare Information and Technology 119 53.01% 46.85% 85.30% 14.70%
Homebuilding 31 34.08% 24.05% 61.64% 38.36%
Hospitals/Healthcare Facilities 34 49.69% 28.35% 41.71% 58.29%
Hotel/Gaming 70 35.01% 24.55% 61.01% 38.99%
Household Products 141 54.64% 47.13% 82.56% 17.44%
Information Services 71 37.11% 33.27% 86.91% 13.09%
Insurance (General) 20 24.63% 18.46% 67.63% 32.37%
Insurance (Life) 23 27.64% 17.05% 48.84% 51.16%
Insurance (Prop/Cas.) 50 23.90% 20.09% 79.71% 20.29%
Investments & Asset Management 172 35.43% 24.53% 59.76% 40.24%
Machinery 127 34.36% 28.64% 78.78% 21.22%
Metals & Mining 94 75.46% 58.18% 70.53% 29.47%
Office Equipment & Services 24 39.46% 27.94% 61.97% 38.03%
Oil/Gas (Integrated) 5 17.62% 15.57% 85.29% 14.71%
Oil/Gas (Production and Exploration) 301 57.36% 41.65% 64.44% 35.56%
Oil/Gas Distribution 20 36.03% 22.42% 49.68% 50.32%
Oilfield Svcs/Equip. 134 49.29% 37.12% 68.13% 31.87%
Packaging & Container 27 27.47% 19.08% 60.09% 39.91%
Paper/Forest Products 20 42.72% 31.95% 67.40% 32.60%
Power 51 20.53% 13.63% 55.74% 44.26%
Precious Metals 91 74.54% 64.25% 82.48% 17.52%
Publishing & Newspapers 33 39.32% 26.95% 58.78% 41.22%
R.E.I.T. 238 21.22% 13.60% 52.44% 47.56%
Real Estate (Development) 18 40.78% 28.01% 59.01% 40.99%
Real Estate (General/Diversified) 11 21.50% 15.97% 66.74% 33.26%
Real Estate (Operations & Services) 59 42.49% 29.63% 60.48% 39.52%
Recreation 72 42.73% 33.85% 73.36% 26.64%
Reinsurance 2 16.27% 13.34% 77.00% 23.00%
Restaurant/Dining 78 38.18% 30.37% 73.79% 26.21%
Retail (Automotive) 24 33.22% 22.62% 58.17% 41.83%
Retail (Building Supply) 17 46.94% 40.07% 81.41% 18.59%
Retail (Distributors) 88 44.59% 31.06% 60.37% 39.63%
Retail (General) 19 39.63% 31.76% 74.58% 25.42%
Retail (Grocery and Food) 12 33.06% 21.67% 54.52% 45.48%
Retail (Online) 79 54.22% 49.61% 89.29% 10.71%
Retail (Special Lines) 91 49.17% 36.24% 65.95% 34.05%
Rubber& Tires 4 29.03% 17.27% 45.53% 54.47%
Semiconductor 72 42.66% 38.48% 87.61% 12.39%
Semiconductor Equip 41 48.66% 43.19% 85.78% 14.22%
Shipbuilding & Marine 9 55.89% 40.32% 63.81% 36.19%
Shoe 10 38.65% 36.52% 93.08% 6.92%
Software (Entertainment) 92 65.58% 64.46% 97.86% 2.14%
Software (Internet) 44 51.90% 44.63% 82.20% 17.80%
Software (System & Application) 355 50.68% 46.10% 88.60% 11.40%
Steel 37 44.32% 32.87% 66.56% 33.44%
Telecom (Wireless) 21 44.49% 26.71% 46.34% 53.66%
Telecom. Equipment 98 45.72% 40.20% 84.71% 15.29%
Telecom. Services 67 54.23% 34.92% 52.85% 47.15%
Tobacco 17 48.08% 40.47% 79.85% 20.15%
Transportation 19 33.82% 25.99% 70.19% 29.81%
Transportation (Railroads) 10 20.12% 16.77% 78.78% 21.22%
Trucking 28 41.51% 25.71% 49.24% 50.76%
Utility (General) 18 15.34% 10.47% 58.36% 41.64%
Utility (Water) 19 22.94% 17.58% 69.93% 30.07%
Total Market  7209 42.67% 29.61% 60.01% 39.99%
Total Market (without financials) 6004 46.24% 36.98% 74.34% 25.66%


Last Updated in January 2019
By Aswath Damodaran