REX Crypto Variance
| CEPI Etf | | | 30.54 -0.59 -1.90% |
This technical indicator view for Variance organizes signals for REX Crypto Equity and comparable instruments. Some instruments may have limited coverage due to data differences;
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REX Crypto Equity has current Variance of 4.26. 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 |
| = | 4.26 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
REX Crypto Variance Peers Comparison
REX Variance Relative To Other Indicators
REX Crypto Equity places
fourth for variance across ETF peers. It is currently under evaluation for maximum drawdown across ETF peers recording roughly
2.85 in Maximum Drawdown for every unit of Variance. Maximum Drawdown outpaces Variance by
2.85 times for REX Crypto Equity
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.
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