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s(x) is the standard deviation of a sample of data. S is the standard deviation of the entire population of your sample. If youre looking for the standard deviation or volatility of stocks, hereâs a blog which includes a table with all of the equa...
The Range Rule. The range rule tells us that the standard deviation of a sample is approximately equal to one fourth of the range of the data. In other words s = (Maximum â Minimum)/4. This is a very straightforward formula to use, and should only be used as a very rough estimate of the standard deviation.uppose we start with the data values of 12, 12, 14, 15, 16, 18, 18, 20, 20, 25. These values have mean of 17 and standard deviation of about 4.1. If instead we first calculate the range of our data as 25 â 12 = 13, and then divide this number by four we have our estimate of the standard deviation as 13/4 = 3.25.