What are the key descriptive statistics metrics to consider when evaluating the volatility of digital currencies?

1 answers

• Heni Noer ainiFeb 27, 2024 · a year ago
  When evaluating the volatility of digital currencies, it's important to consider various descriptive statistics metrics. One such metric is the standard deviation, which measures the dispersion of price data points from the average price. A higher standard deviation indicates higher volatility. Another metric to consider is the range, which represents the difference between the highest and lowest prices within a given time period. Additionally, the average true range (ATR) can provide insights into the average volatility over a specific period. Other metrics like mean, median, and skewness can also provide valuable information about the distribution and asymmetry of price movements. By analyzing these key descriptive statistics metrics, one can assess the volatility of digital currencies with a more comprehensive perspective.
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