IShares Global Coefficient Of Variation
| CIF Etf | | | CAD 63.30 -2.00 -3.06% |
The Coefficient Of Variation indicator for IShares Global is constructed from normalized market data. Values reflect historical observations within the available dataset. The depth of trading history affects the precision of the indicator.
Trending Equities provides context for diversified portfolio design. Additional portfolio transparency improves capital positioning. Diversification analysis considers the interaction of positions within a portfolio. The allocation shows a weighting toward iShares Global Infrastructure. The weighting is visible within the allocation breakdown. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
iShares Global Infrastructure has current Coefficient Of Variation of 716.41. Coefficient of Variation (or CV) is a normalized measure of dispersion of a probability distribution. It is also known as the variation coefficient or simply unitized risk. The absolute value of the Coefficient of Variation is sometimes called Relative Standard Deviation (or RSD), which is expressed as a percentage.
Coefficient Of Variation | = | STDER |
| = | 716.41 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
iShares Global Infrastructure lands at
#3 in coefficient of variation against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
0.01 in Maximum Drawdown for each unit of Coefficient Of Variation. The spread between Coefficient Of Variation and Maximum Drawdown for iShares Global Infrastructure sits at
155.89 CV is the measure of price and return dispersion, sometimes known as unitized risk or the variation coefficient. The CV is derived from the ratio of the standard deviation to the non-zero mean and the absolute value is taken for the mean to ensure it always positive. It is sometimes expressed as a percentage, in which case the CV is multiplied by 100. Coefficient of Variation for a single equity instrument describes the dispersion of price movement or daily returns. The higher the Coefficient of Variation, the greater the dispersion of prices, and the more riskier is the asset.
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