21Shares Bitcoin Variance
| ABBA Etf | | | CHF 20.27 0.05 0.25% |
This module presents the Variance indicator for 21Shares Bitcoin Suisse using available market inputs. The
Equity Screeners framework provides wider technical analysis context. Use
Trending Equities to better understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This includes a position in 21Shares Bitcoin Suisse. The position sits inside the allocation mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
21Shares Bitcoin Suisse has current Variance of 9.23. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 9.23 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
21Shares Bitcoin Suisse is rated
below average for variance relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
1.58 ratio of Maximum Drawdown to Variance. 21Shares Bitcoin Suisse's Maximum Drawdown exceeds Variance by a factor of
1.58 Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare 21Shares Bitcoin to Peers
Other Technical Indicators