Fidelity Canadian Coefficient Of Variation
| FCCD Etf | | | CAD 38.12 -0.09 -0.24% |
This technical indicator view for Coefficient Of Variation organizes signals for Fidelity Canadian High and comparable instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Review
Investing Opportunities to understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This suggests a position in Fidelity Canadian High inside the allocation mix. 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.
Fidelity Canadian High has current Coefficient Of Variation of 472.25. 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 |
| = | 472.25 | |
Fidelity Canadian Coefficient Of Variation Peers Comparison
Fidelity Coefficient Of Variation Relative To Other Indicators
Fidelity Canadian High is rated
below average. in coefficient of variation as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
0.01 of Maximum Drawdown per Coefficient Of Variation. The ratio of Coefficient Of Variation to Maximum Drawdown for Fidelity Canadian High is roughly
158.84 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.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.