Highly simplified, standard deviation is the measure of how spread out and disparate the individual values in a set of data are.
The lower the standard deviation number the closer the values are to each other.
The math formula is complicated but fortunately the Internet is loaded with JavaScript standard deviation calculators.
Here's one of the better ones:
STANDARD DEVIATION CALCULATOR
Your extreme spread of 34 fps would probably produce a fairly low standard deviation.
You should chronograph at least a half-dozen loads to get a decent sample.
The calculator above doesn't list high, low and extreme spread but you can easily do the math on that yourself.
The results produced by any chronograph worth anything should include at least:
Average velocity
High velocity
Low velocity
Extreme spread
Standard deviation
BTW: Chronograph results from measuring both the shot and powder charges to get them exact in each load will give you a good idea of what the load itself is capable of,
but that's an ideal situation and the only way to determine real-world values for your loads is to chronograph what the reloading press produces.