Grayscale Litecoin Trust Variance
| LTCN Stock | | | USD 4.14 -0.06 -1.43% |
Grayscale Litecoin Trust variance lookup summarizes this and related technical indicators for Grayscale Litecoin Trust. Some instruments may have limited coverage due to data differences;
Equity Screeners lists screening tools. Grayscale Litecoin Trust has a market cap of 59.78 M. Use
Correlation Analysis to explore allocation context. This includes a position in Grayscale Litecoin Trust across the allocation. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Grayscale Litecoin Trust has current Variance of 19.38. 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 |
| = | 19.38 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Grayscale Litecoin Trust Variance Peers Comparison
Grayscale Variance Relative To Other Indicators
Grayscale Litecoin Trust lands at
#5 in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.22 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Grayscale Litecoin Trust 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.
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