GraniteShares Variance
| QCML Etf | | | 11.67 0.01 0.09% |
The Variance calculation for GraniteShares draws on price and volume history. All inputs are based on actual trading observations from supported exchanges. For portfolio construction context, review
Your Equity Center. The dataset reflects available inputs without directional implication. Monitoring GraniteShares 2x Long within a portfolio highlights how it interacts with other holdings. Diversification analysis reveals overlap and concentration across holdings. Broader economic conditions can influence GraniteShares 2x Long's etf valuation — related indicators include
signals in state.
GraniteShares 2x Long has current Variance of 13.0. 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 |
| = | 13.0 | |
| 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
GraniteShares 2x Long carries a
fourth ranking for variance within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group where Maximum Drawdown runs almost
1.84 per Variance. GraniteShares 2x Long's Maximum Drawdown registers at
1.84 relative to Variance
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 GraniteShares to Peers
Other Technical Indicators