A fund manager who follows a value-oriented investment strategy aims to identify stocks that are undervalued. Currently, the manager is evaluating the returns of two technology sector stocks, referred to as stock J and stock K. Through the assessment, the manager has determined the correlation coefficient between the returns of stock J and stock K to be 0.37, and the covariance of their returns to be 0.0054. Knowing that the standard deviation of the returns for stock K is 0.11, calculate the variance of the returns for stock J.