Faraday Copper Coefficient Of Variation
| FDY Stock | | | CAD 3.58 -0.24 -6.28% |
The Coefficient Of Variation reading for Faraday Copper Corp is computed from historical trading observations. Values reflect historical observations within the available dataset. Faraday Copper has a market cap of 480.47 M, ROE of -48.15%. Portfolio-level context is available through
Investing Opportunities. A position in Faraday Copper Corp is indicated here. This is part of the broader portfolio composition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
Faraday Copper Corp has current Coefficient Of Variation of 788.99. 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 |
| = | 788.99 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
Faraday Copper Corp is rated
below average in coefficient of variation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
0.04 in Maximum Drawdown for each unit of Coefficient Of Variation. The spread between Coefficient Of Variation and Maximum Drawdown for Faraday Copper Corp sits at
24.13 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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