Standard Deviations by Sector

Data Used: S&P Capital IQ, Bloomberg and the Fed

Date of Analysis: Data used is as of January 2014

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

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 65 113.36% 83.22% 65.55% 34.45%
Aerospace/Defense 95 88.97% 77.77% 84.04% 15.96%
Air Transport 25 92.87% 56.60% 47.74% 52.26%
Apparel 70 94.86% 81.72% 82.42% 17.58%
Auto & Truck 26 103.75% 65.23% 50.62% 49.38%
Auto Parts 75 102.64% 83.18% 75.76% 24.24%
Bank 7 41.40% 27.07% 54.29% 45.71%
Banks (Regional) 721 70.20% 47.79% 58.14% 41.86%
Beverage  47 109.89% 94.19% 81.86% 18.14%
Beverage (Alcoholic) 19 97.07% 80.62% 78.40% 21.60%
Biotechnology 349 133.64% 124.73% 91.61% 8.39%
Broadcasting 30 110.90% 82.88% 67.35% 32.65%
Brokerage & Investment Banking 49 87.95% 39.95% 19.98% 80.02%
Building Materials 37 85.47% 70.00% 76.89% 23.11%
Business & Consumer Services 179 89.91% 73.98% 77.38% 22.62%
Cable TV 16 86.81% 64.67% 67.01% 32.99%
Chemical (Basic) 47 108.14% 88.76% 77.12% 22.88%
Chemical (Diversified) 10 64.97% 52.26% 74.97% 25.03%
Chemical (Specialty) 100 85.18% 75.74% 85.99% 14.01%
Coal & Related Energy 45 120.20% 78.00% 53.58% 46.42%
Computer Services 129 96.81% 83.84% 83.00% 17.00%
Computer Software 273 100.31% 93.94% 92.01% 7.99%
Computers/Peripherals 66 111.60% 104.40% 91.89% 8.11%
Construction 18 94.83% 77.49% 76.65% 23.35%
Diversified 20 58.91% 37.36% 51.42% 48.58%
Educational Services 40 120.83% 94.42% 71.93% 28.07%
Electrical Equipment 135 109.94% 99.42% 87.92% 12.08%
Electronics 191 111.11% 98.99% 86.20% 13.80%
Electronics (Consumer & Office) 26 101.29% 78.66% 71.27% 28.73%
Engineering 56 89.28% 76.27% 81.49% 18.51%
Entertainment 85 102.02% 85.50% 79.38% 20.62%
Environmental & Waste Services 108 118.46% 90.55% 69.64% 30.36%
Farming/Agriculture 29 84.88% 65.65% 70.86% 29.14%
Financial Svcs. 76 79.79% 49.55% 49.48% 50.52%
Financial Svcs. (Non-bank & Insurance) 17 66.66% 31.22% 23.18% 76.82%
Food Processing 97 86.41% 71.62% 78.17% 21.83%
Food Wholesalers 18 91.05% 80.71% 85.63% 14.37%
Furn/Home Furnishings 36 100.03% 83.03% 78.33% 21.67%
Healthcare Equipment 193 105.14% 92.91% 85.28% 14.72%
Healthcare Facilities 47 90.96% 53.97% 45.27% 54.73%
Healthcare Products 58 100.72% 87.59% 83.47% 16.53%
Healthcare Services 126 91.19% 75.58% 78.17% 21.83%
Heathcare Information and Technology 125 112.18% 100.92% 87.32% 12.68%
Heavy Construction 46 89.60% 64.76% 63.98% 36.02%
Homebuilding 32 105.53% 76.17% 63.85% 36.15%
Hotel/Gaming 89 99.66% 73.24% 65.65% 34.35%
Household Products 139 106.72% 93.08% 83.80% 16.20%
Information Services 71 66.77% 61.68% 90.39% 9.61%
Insurance (General) 26 55.60% 42.00% 68.43% 31.57%
Insurance (Life) 27 57.69% 40.03% 60.00% 40.00%
Insurance (Prop/Cas.) 53 65.78% 52.47% 74.09% 25.91%
Internet software and services 330 120.28% 116.44% 96.00% 4.00%
Investment Co. 65 76.57% 47.27% 48.92% 51.08%
Machinery 141 78.89% 69.61% 85.11% 14.89%
Metals & Mining 134 127.20% 95.19% 67.47% 32.53%
Office Equipment & Services 30 81.92% 59.50% 64.48% 35.52%
Oil/Gas (Integrated) 8 52.52% 49.24% 92.13% 7.87%
Oil/Gas (Production and Exploration) 411 112.16% 62.15% 39.04% 60.96%
Oil/Gas Distribution 80 63.33% 46.62% 65.82% 34.18%
Oilfield Svcs/Equip. 163 101.55% 88.05% 83.14% 16.86%
Packaging & Container 24 56.60% 42.17% 67.03% 32.97%
Paper/Forest Products 21 75.10% 55.27% 65.79% 34.21%
Pharma & Drugs 138 117.64% 106.29% 87.82% 12.18%
Power 106 55.54% 36.21% 54.02% 45.98%
Precious Metals 166 140.33% 110.78% 72.98% 27.02%
Publshing & Newspapers 52 88.39% 69.85% 73.09% 26.91%
R.E.I.T. 46 56.02% 24.35% 14.93% 85.07%
Railroad 10 67.40% 57.25% 80.85% 19.15%
Real Estate (Development) 22 94.11% 79.36% 80.06% 19.94%
Real Estate (General/Diversified) 11 74.92% 66.19% 85.25% 14.75%
Real Estate (Operations & Services) 47 101.66% 72.50% 62.67% 37.33%
Recreation 70 97.36% 82.00% 79.92% 20.08%
Reinsurance 3 37.61% 29.47% 72.20% 27.80%
Restaurant 84 78.32% 65.05% 78.39% 21.61%
Retail (Automotive) 30 84.47% 60.74% 63.49% 36.51%
Retail (Building Supply) 7 97.40% 83.48% 81.85% 18.15%
Retail (Distributors) 87 85.26% 65.10% 69.53% 30.47%
Retail (General) 21 77.55% 61.66% 73.74% 26.26%
Retail (Grocery and Food) 21 79.40% 57.25% 63.75% 36.25%
Retail (Internet) 47 114.31% 109.92% 95.18% 4.82%
Retail (Special Lines) 137 91.79% 72.17% 72.57% 27.43%
Rubber& Tires 4 106.10% 64.61% 47.67% 52.33%
Semiconductor 104 95.41% 86.70% 88.48% 11.52%
Semiconductor Equip 51 101.14% 89.55% 85.49% 14.51%
Shipbuilding & Marine 14 117.34% 81.83% 60.48% 39.52%
Shoe 14 78.29% 73.74% 92.69% 7.31%
Steel 37 83.60% 63.22% 68.54% 31.46%
Telecom (Wireless) 28 96.71% 59.58% 48.75% 51.25%
Telecom. Equipment 131 106.61% 98.38% 90.28% 9.72%
Telecom. Services 82 98.32% 67.11% 58.40% 41.60%
Thrift 223 69.10% 27.79% 1.84% 98.16%
Tobacco 12 58.61% 50.65% 82.76% 17.24%
Transportation 22 75.94% 65.66% 82.81% 17.19%
Trucking 28 82.51% 54.94% 56.03% 43.97%
Utility (General) 20 33.80% 23.23% 59.05% 40.95%
Utility (Water) 20 77.13% 55.38% 63.33% 36.67%
Total Market 7766 94.94% 64.12% 57.38% 42.62%

 



Last Updated in January 2014
By Aswath Damodaran