CIBC International Coefficient Of Variation
| CINT Etf | | | CAD 21.67 -0.28 -1.28% |
Technical inputs supporting the Coefficient Of Variation indicator for CIBC International Equity are shown here. Values are derived from historical price and volume observations.
Trending Equities provides context for diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. The holding in CIBC International Equity represents an allocation. It is represented within the portfolio holdings. Position allocation is driven by the portfolio construction model. 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.
CIBC International Equity has current Coefficient Of Variation of
-1,080. 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 |
| = | -1,080 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
CIBC International Equity is rated
below average in coefficient of variation against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs .
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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