Standard Deviations by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2018

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 40 80.95% 54.75% 57.51% 42.49%
Aerospace/Defense 87 49.06% 43.03% 84.42% 15.58%
Air Transport 17 40.20% 27.46% 58.48% 41.52%
Apparel 51 59.71% 47.83% 74.52% 25.48%
Auto & Truck 18 38.59% 21.68% 40.31% 59.69%
Auto Parts 62 56.74% 46.93% 77.94% 22.06%
Bank (Money Center) 11 33.37% 18.46% 38.87% 61.13%
Banks (Regional) 612 32.08% 22.96% 63.02% 36.98%
Beverage (Alcoholic) 28 50.14% 41.98% 79.27% 20.73%
Beverage (Soft) 35 45.33% 38.65% 81.26% 18.74%
Broadcasting 27 52.30% 31.66% 47.13% 52.87%
Brokerage & Investment Banking 42 42.48% 21.63% 31.26% 68.74%
Building Materials 39 41.01% 35.31% 82.33% 17.67%
Business & Consumer Services 169 49.45% 41.10% 78.47% 21.53%
Cable TV 14 36.33% 26.61% 65.34% 34.66%
Chemical (Basic) 38 59.39% 45.90% 70.78% 29.22%
Chemical (Diversified) 7 68.62% 57.11% 78.63% 21.37%
Chemical (Specialty) 99 59.69% 49.17% 77.52% 22.48%
Coal & Related Energy 30 90.61% 68.68% 68.77% 31.23%
Computer Services 111 48.53% 39.58% 76.43% 23.57%
Computers/Peripherals 58 61.38% 53.93% 84.62% 15.38%
Construction Supplies 49 45.67% 36.92% 75.49% 24.51%
Diversified 24 26.82% 21.68% 75.48% 24.52%
Drugs (Biotechnology) 459 94.78% 84.54% 86.33% 13.67%
Drugs (Pharmaceutical) 185 85.70% 77.05% 87.24% 12.76%
Education 34 53.59% 41.92% 72.03% 27.97%
Electrical Equipment 118 66.17% 59.01% 86.32% 13.68%
Electronics (Consumer & Office) 24 70.22% 66.59% 93.51% 6.49%
Electronics (General) 167 60.25% 54.04% 86.98% 13.02%
Engineering/Construction 49 53.02% 43.51% 77.09% 22.91%
Entertainment 90 54.94% 44.11% 74.77% 25.23%
Environmental & Waste Services 87 65.74% 52.47% 74.15% 25.85%
Farming/Agriculture 34 42.57% 30.86% 64.29% 35.71%
Financial Svcs. (Non-bank & Insurance) 264 36.63% 15.24% 8.83% 91.17%
Food Processing 87 41.18% 33.59% 76.44% 23.56%
Food Wholesalers 15 55.42% 43.65% 72.75% 27.25%
Furn/Home Furnishings 31 51.26% 42.50% 78.21% 21.79%
Green & Renewable Energy 22 60.29% 37.83% 50.45% 49.55%
Healthcare Products 251 66.92% 59.21% 85.41% 14.59%
Healthcare Support Services 115 57.44% 48.46% 80.11% 19.89%
Heathcare Information and Technology 112 58.64% 51.15% 83.83% 16.17%
Homebuilding 32 44.70% 34.83% 71.61% 28.39%
Hospitals/Healthcare Facilities 35 60.63% 32.56% 36.16% 63.84%
Hotel/Gaming 70 45.51% 35.41% 71.48% 28.52%
Household Products 131 56.30% 48.59% 82.63% 17.37%
Information Services 61 41.35% 36.91% 86.42% 13.58%
Insurance (General) 21 37.21% 29.16% 72.20% 27.80%
Insurance (Life) 25 37.34% 26.90% 63.67% 36.33%
Insurance (Prop/Cas.) 50 34.65% 28.97% 79.10% 20.90%
Investments & Asset Management 165 41.00% 31.56% 70.38% 29.62%
Machinery 126 43.17% 37.56% 83.51% 16.49%
Metals & Mining 102 82.33% 67.25% 76.61% 23.39%
Office Equipment & Services 24 49.66% 36.60% 65.94% 34.06%
Oil/Gas (Integrated) 5 20.21% 18.09% 86.74% 13.26%
Oil/Gas (Production and Exploration) 311 78.88% 60.78% 70.47% 29.53%
Oil/Gas Distribution 16 62.79% 39.93% 51.70% 48.30%
Oilfield Svcs/Equip. 130 73.29% 59.72% 76.35% 23.65%
Packaging & Container 25 27.67% 20.52% 66.57% 33.43%
Paper/Forest Products 21 56.81% 44.19% 71.42% 28.58%
Power 61 31.23% 20.94% 56.70% 43.30%
Precious Metals 111 91.35% 80.43% 84.85% 15.15%
Publishing & Newspapers 41 54.14% 41.21% 69.21% 30.79%
R.E.I.T. 244 32.14% 21.40% 56.02% 43.98%
Real Estate (Development) 20 44.27% 33.57% 68.82% 31.18%
Real Estate (General/Diversified) 10 41.07% 34.90% 80.90% 19.10%
Real Estate (Operations & Services) 60 54.01% 40.69% 68.16% 31.84%
Recreation 70 50.85% 41.76% 77.17% 22.83%
Reinsurance 3 18.99% 15.76% 78.29% 21.71%
Restaurant/Dining 81 48.41% 39.19% 75.64% 24.36%
Retail (Automotive) 25 42.62% 28.62% 56.83% 43.17%
Retail (Building Supply) 8 53.44% 47.05% 84.85% 15.15%
Retail (Distributors) 92 49.24% 37.29% 68.69% 31.31%
Retail (General) 18 49.94% 40.66% 76.25% 23.75%
Retail (Grocery and Food) 14 45.73% 29.94% 54.44% 45.56%
Retail (Online) 61 60.64% 55.71% 89.76% 10.24%
Retail (Special Lines) 106 59.68% 43.73% 65.36% 34.64%
Rubber& Tires 4 56.24% 37.51% 56.18% 43.82%
Semiconductor 72 52.68% 47.84% 88.42% 11.58%
Semiconductor Equip 45 61.04% 56.04% 89.66% 10.34%
Shipbuilding & Marine 9 94.40% 71.04% 68.05% 31.95%
Shoe 11 44.39% 41.29% 91.20% 8.80%
Software (Entertainment) 13 49.61% 47.22% 93.94% 6.06%
Software (Internet) 305 65.60% 63.91% 96.79% 3.21%
Software (System & Application) 255 53.27% 48.04% 87.61% 12.39%
Steel 37 70.40% 55.80% 73.41% 26.59%
Telecom (Wireless) 18 54.46% 32.38% 45.46% 54.54%
Telecom. Equipment 104 57.87% 50.04% 82.83% 17.17%
Telecom. Services 66 52.57% 34.88% 55.70% 44.30%
Tobacco 24 45.16% 39.94% 85.37% 14.63%
Transportation 18 46.36% 37.98% 76.91% 23.09%
Transportation (Railroads) 8 29.77% 25.44% 81.52% 18.48%
Trucking 30 54.25% 37.22% 58.89% 41.11%
Utility (General) 18 20.67% 14.31% 59.79% 40.21%
Utility (Water) 23 34.50% 27.08% 72.39% 27.61%
Total Market 7247 53.52% 38.26% 62.89% 37.11%
Total Market (without financials) 6057 57.16% 46.64% 76.49% 23.51%

Last Updated in January 201
By Aswath Damodaran