Step 4: Calculate standard deviation of the returns using the STDEV function. Note: The average and standard deviation are expressed as percentages, while the variance is a decimal number.

Key Points NORMSINV is an Excel function used along with normal distributions. It allows you to conduct calculations faster ...

If you are looking forward towards calculating the Standard Deviation and Standard Error of the Mean in Excel, please check this article.

The equation for the standard error of the mean is the sample standard deviation divided by the square root of the sample size.

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