If we are given two operators $\hat A $ & $\hat B$ corresponding to the physical quantities $A$ & $B$, then for a given wave function $\Psi$ we know that the average values of those quantites over all possible measurements of the particle are:
$$\langle A \rangle=\langle \Psi|\hat A|\Psi \rangle=\int_V \Psi^* \hat A\Psi dV \\ \langle B \rangle=\langle \Psi|\hat B|\Psi \rangle=\int_V \Psi^* \hat B\Psi dV$$
Now if we define the operators $\hat D_A = (\hat A-\langle A\rangle \hat I)$ & $\hat D_B = (\hat B-\langle B\rangle \hat I)$ we can easily show that:
$$\langle D_A \rangle=\langle A^2 \rangle - \langle A \rangle^2=\sigma^2(A) \\ \langle D_B \rangle=\langle B^2 \rangle - \langle B \rangle^2=\sigma^2(B)$$
So The average of this newly defined variance operator indeed gives the variance of the physical quantities fot the given $\Psi$. So I imagine that it's a way to measure how "spread out" are the quantities for this exact wave function.
Now the Heisenberg uncertainty principle states that:
$$\sqrt{\langle D_A \rangle \langle D_B\rangle}=\sigma(A)\sigma(B)\geq \frac{1}{2}|\langle C\rangle |\\ \text{Where }\ \ \ i\hat C=[\hat A,\hat B]$$
Commonly in mainstream science communication we are told that the Heisenberg uncertainty principle states that (for example in position and momentum) those physical quantities can't be MEASURED both with exact precision and this is certainly a consequence of the math. However I believe the uncertainty principle is deeper than that. The way I see it is that it shows us the maximum degree of certainty we can have about both quantities before we measure the system. So for example we can have a wave function that consists of only one eigenvector of $\hat A$ so we will know the exact value of $A$ even before measuring, and this would mean that we for sure can't know anything about the value of $B$ before we measure it since it would need to have infinite standard deviation. Is my way of thinking about this correct? (This question is about the underlying concept of the Heisenberg uncertainty principle, not a homework-like question)