Runs: 500
Stats
RV mean: 25.85%
RV st dev: 1.17%
mean
RV-IV
: +.85 vol pointsP/L mean: +1.02 vol points
P/L st dev: 1.49 vol points
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1 points of outperformance predicts earning 1 vega point with a standard deviation of about 1.5 points.
With RV and IV being close together, the red and black lines are very similar.