Realized Variance

[oversteer85]

Dear forum members,

I have a questions regarding to the “realized variance”.
I want to do a research with provided RV data.
However, the RV is provided on a daily calculation. However, I want to compare them with
the VIX Data in order to get the so-called Variance Risk Premium.
Since the VIX data is provided on a monthly basis, I have to upscale the RV from daily to monthly.
My question is now if the following approach is correct:

Monthly RV = 100^2 * (Sum of daily RV within a month)

Note that, I only apply 100^2 for comparison with the VIX. However, it is more important
if sum of daily RV within a month is correct for upscaling the RV daily to month.

I hope somebody can elaborate on my question. Thank you very much in advance.

Best,
Christine

[oversteer85]

Hi,
maybe the concept of RV is too new?
Would be really helpful, if somebody would reply.
Many thanks in advance,
Christine