The dispersion matrix or chromatic variance of digital images was proposed to characterize the color amplitude and hence the potential sensitivity of Digital Image Colorimetric determinations. The study provided a generalizable model that quantitatively explained the influence of the analyte and instrumental factors in the color measurements. RGB reflected colors of the yellow-orange complex formed by Hydrogen Peroxide with Ti(IV) were captured by a compact digital camera in an experimental dynamic range. In this context, the dispersion Covariance-Variance matrix of the color information provided the amplitude of the chromatic system. Subsequently Analysis of Variance and Multivariate Statistical demonstrated that 87% of the chromatic variance could be justified by the Hydrogen Peroxide concentration influence, while the camera, as an instrumental effect, and the preparation method, accounted for the 10% and 3%, respectively. Also, the behavior of alternative chromatic variables has been compared. Hydrogen Peroxide presented a ready and efficient digital determination in the range 1–40mgL−1. Statistical comparison with standard procedures demonstrated the absence of systematic errors.