SPDR MSCI Coefficient Of Variation
| EMAS Etf | | | CHF 85.02 -2.23 -2.56% |
Historical market data for SPDR MSCI EM forms the basis of the Coefficient Of Variation indicator shown here. The indicator computation uses normalized market activity data. Market data gaps can influence the computed indicator values. Cross-instrument Coefficient Of Variation comparisons are available via
Equity Screeners. For portfolio construction context, review
Investing Opportunities. Diversification context helps frame allocation across holdings. The construction of a diversified portfolio involves managing position exposure. A position in SPDR MSCI EM appears within the mix. The position is captured in the allocation summary. 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.
SPDR MSCI EM has current Coefficient Of Variation of 1472.75. 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 |
| = | 1472.75 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
SPDR MSCI EM falls in the
third position for coefficient of variation relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
0.01 ratio of Maximum Drawdown to Coefficient Of Variation. SPDR MSCI EM's Coefficient Of Variation exceeds Maximum Drawdown by a factor of
193.37 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.
Compare SPDR MSCI to Peers
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