VARIANSE Precious Metals Index

Mid Price
Change %
Weekly Open
Daily High
Daily Low
Prev. Close
Overlay Instrument

Basket Composition

The Constant value is calculated to price the basket to = 100.00 as of 01/01/2014


Today .
This Week .
This Month .

What is this Index?

The VARIANSE Precious Metals Index tracks the value of Gold and Silver versus the US Dollar

Gold and Silver are widely considered as an insurance against inflation and provide a hedge against the devaluation of a currency.
The Precious Metals Index is designed to provide a broadly representative benchmark of the worlds most precious non industrial metals.
Additionally the Index can be used to:

> Provide a relative measure of inflation
> Provide an indication of the value of the ratio of Gold and    Silver

How is the FX Index Calculated?

Now for the maths...

1. First we calculate the Geometric Mean (GM) of the     Basket


    N          = Number of components
    Pair N  = Market price of Nth Pair

2. Then we multiply the value A by the constant     factor*


       *A constant factor is used to turn the basket into an
       index which sets the value of the basket to usually
       equal 1 or 100 at a pre-determined date in the past,
       this allows for easier tracking and simpler pricing.