21Shares Bitcoin Variance
| CBTC Etf | | | 13.60 -0.40 -2.86% |
Observed values used to calculate the Variance technical indicator for 21Shares Bitcoin Core. Technical inputs may vary across markets and data providers.
21Shares Bitcoin Core has current Variance of 7.01. 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 |
| = | 7.01 | |
| 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 Core is rated
below average for variance relative to ETF peers. It is rated
below average for maximum drawdown relative to ETF peers reflecting a
1.90 ratio of Maximum Drawdown to Variance. 21Shares Bitcoin Core's Maximum Drawdown exceeds Variance by a factor of
1.89 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