Risk vs. Variance — What's the Difference?
Difference Between Risk and Variance
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Compare with Definitions
Risk
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences.
Variance
In probability theory and statistics, variance is the expectation of the squared deviation of a random variable from its mean. Variance is a measure of dispersion, meaning it is a measure of how far a set of numbers is spread out from their average value.
Risk
The possibility of suffering harm or loss; danger.
Variance
The fact or quality of being different, divergent, or inconsistent
Her light tone was at variance with her sudden trembling
The stylistic variances of classical dance
Risk
A factor, thing, element, or course involving uncertain danger; a hazard
"the usual risks of the desert.
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Variance
An official dispensation from a rule or regulation, typically a building regulation.
Risk
The danger or probability of loss to an insurer.
Variance
The state or quality of being variant or variable; variation
Considerable variance in temperature across the region.
Risk
The amount that an insurance company stands to lose.
Variance
Difference or inconsistency
Your behavior is at variance with your beliefs.
Risk
The variability of returns from an investment.
Variance
The state or fact of being in disagreement or in conflict
I am at variance with her over who should pay for the damage.
Risk
The chance of nonpayment of a debt.
Variance
A discrepancy between two statements or documents, especially between the charge in a criminal indictment and the evidence presented.
Risk
One considered with respect to the possibility of loss
A poor risk.
Variance
An exception to the application of a usual rule, granted by an authority on the basis of hardship or practicality
A zoning variance.
Risk
To expose to a chance of loss or damage; hazard.
Variance
(Statistics) The square of the standard deviation.
Risk
To incur the risk of
His action risked a sharp reprisal.
Variance
(Chemistry) The number of thermodynamic variables, such as temperature and pressure, required to specify a state of equilibrium of a system, given by the phase rule; the degrees of freedom of a system.
Risk
(uncountable) The probability of a negative outcome to a decision or event.
There is risk of being brutalized, arrested, imprisoned and tortured, all because I want you to know the truth about this matter.
Variance
The act of varying or the state of being variable.
Risk
(uncountable) The magnitude of possible loss consequent to a decision or event.
Variance
A difference between what is expected and what is observed; deviation.
Risk
The potential negative effect of an event, determined by multiplying the likelihood of the event occurring with its magnitude should it occur.
Variance
The state of differing or being in conflict.
Risk
(countable) A possible adverse event or outcome.
Variance
An official permit to do something that is ordinarily forbidden by regulations.
Risk
(insurance) A type of adverse event covered under an insurance policy.
Variance
(law) A discrepancy between two legal documents.
Risk
(countable) A thing (from the perspective of how likely or unlikely it is to cause an adverse effect).
That man is going to be a big risk once he's out of prison.
Those stairs are a major risk.
Variance
(law) A departure from a cause of action originally in a complaint.
Risk
A borrower (such as a mortgage-holder or person with a credit card).
A good credit rating indicates the customer is a desirable risk.
Variance
(statistics) The second central moment in probability.
Risk
(finance) A financial product (typically an investment).
Subprime mortgages are poor risks; especially for a pension scheme.
Variance
The number of degrees of freedom in a system.
Risk
(insurance) An entity insured by an insurer.
Variance
Covariance and contravariance generally.
Depending on the variance of the type constructor, the subtyping relation of the simple types may be either preserved, reversed, or ignored for the respective complex types.
Risk
(transitive) To incur risk of (something).
Variance
The quality or state of being variant; change of condition; variation.
Risk
(transitive) To incur risk of harming or jeopardizing.
Variance
Difference that produces dispute or controversy; disagreement; dissension; discord; dispute; quarrel.
That which is the strength of their amity shall prove the immediate author of their variance.
Risk
(transitive) To incur risk as a result of (doing something).
Variance
A disagreement or difference between two parts of the same legal proceeding, which, to be effectual, ought to agree, - as between the writ and the declaration, or between the allegation and the proof.
Risk
Hazard; danger; peril; exposure to loss, injury, or destruction.
The imminent and constant risk of assassination, a risk which has shaken very strong nerves.
Variance
The expected value of the square of the deviation from the mean of a randomly distributed variable; the second moment about the mean. This is also the square of the standard deviation.
Risk
Hazard of loss; liabillity to loss in property.
Variance
An event that departs from expectations
Risk
To expose to risk, hazard, or peril; to venture; as, to risk goods on board of a ship; to risk one's person in battle; to risk one's fame by a publication.
Variance
Discord that splits a group
Risk
To incur the risk or danger of; as, to risk a battle.
Variance
The second moment around the mean; the expected value of the square of the deviations of a random variable from its mean value
Risk
A source of danger; a possibility of incurring loss or misfortune;
Drinking alcohol is a health hazard
Variance
A difference between conflicting facts or claims or opinions;
A growing divergence of opinion
Risk
A venture undertaken without regard to possible loss or injury;
He saw the rewards but not the risks of crime
There was a danger he would do the wrong thing
Variance
The quality of being subject to variation
Risk
The probability of becoming infected given that exposure to an infectious agent has occurred
Variance
An activity that varies from a norm or standard;
Any variation in his routine was immediately reported
Risk
The probability of being exposed to an infectious agent
Risk
Expose to a chance of loss or damage;
We risked losing a lot of money in this venture
Why risk your life?
Risk
Take a risk in the hope of a favorable outcome;
When you buy these stocks you are gambling
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