Purpose Bitcoin Variance
Historical market data for Purpose Bitcoin Yield forms the basis of the Variance indicator shown here. Market data gaps can influence the computed indicator values.
Trending Equities frames the approach to diversified portfolio design. The view supports a broader understanding of portfolio structure. Monitoring Purpose Bitcoin Yield within a portfolio highlights how it interacts with other holdings. The relative size of each holding follows the selected allocation framework. Broader economic conditions can influence Purpose Bitcoin Yield's etf valuation — related indicators include
signals in inflation.
Purpose Bitcoin Yield has current Variance of 17.8. 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 |
| = | 17.8 | |
| 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
Purpose Bitcoin Yield takes the leading position in variance against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
1.22 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Purpose Bitcoin Yield sits at
1.22 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 Purpose Bitcoin to Peers
Other Technical Indicators