VanEck Polkadot Variance
The Variance calculation for VanEck Polkadot draws on price and volume history. All inputs are based on actual trading observations from supported exchanges. Use
World Market Map to explore diversified allocation structure. Allocation context can improve visibility into portfolio balance. The construction of a diversified portfolio involves managing position exposure. The dataset reflects available inputs without directional implication. The allocation shows a weighting toward VanEck Polkadot ETN. The position is captured in the allocation summary. Each holding is sized according to the methodology applied to the portfolio. No forward-looking guarantees are expressed or implied by this data. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
VanEck Polkadot ETN has current Variance of 23.98. 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 |
| = | 23.98 | |
| 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
VanEck Polkadot ETN earns the top ranking in variance across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
1.83 of Maximum Drawdown per Variance. For VanEck Polkadot ETN, Maximum Drawdown stands at
1.83 times 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 VanEck Polkadot to Peers
Other Technical Indicators