Fidelity Metaverse Standard Deviation
| FMET ETF | | | USD 37.84 -0.10 -0.26% |
The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities. Below is Fidelity Metaverse's current Standard Deviation with peer comparisons and related risk metrics.
Current Standard Deviation Value
Fidelity Metaverse has a Standard Deviation of 1.48, indicating moderate price variability. This places Fidelity Metaverse within the typical volatility range for ETF.
Standard Deviation | = | SQRT(V) |
| = | 1.48 | |
Standard Deviation Peers Comparison
Relative to peers, Fidelity Metaverse's Standard Deviation is above the group average of 1.25. Peer readings range from 0.6322 (Pacer Swan SOS) to 3.39 (PLUS Korea Defense), reflecting wide dispersion across the sector. Fidelity Metaverse has exhibited greater price dispersion than the peer average over the measured period.
Standard Deviation Relative To Other Indicators
The chart below plots Standard Deviation against Maximum Drawdown for Fidelity Metaverse and its peers. Each point represents one equity — position along the horizontal axis shows Standard Deviation while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Comparing Standard Deviation (
1.48 ) to Maximum Drawdown (
6.36 ) for Fidelity Metaverse yields a
4.31 multiple. This indicates Maximum Drawdown is significantly higher than Standard Deviation for Fidelity Metaverse.
Methodology, Assumptions & Data Sources
Fidelity Metaverse's Standard Deviation currently stands at 1.48. The Standard Deviation for Fidelity Metaverse is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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