GoldMining Coefficient Of Variation
| GOLD Stock | | | CAD 1.91 -0.13 -6.37% |
This technical indicator view for Coefficient Of Variation organizes signals for GoldMining and comparable instruments. Data availability can vary by region and feed;
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GoldMining has current Coefficient Of Variation of 3083.65. 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 |
| = | 3083.65 | |
GoldMining Coefficient Of Variation Peers Comparison
GoldMining Coefficient Of Variation Relative To Other Indicators
GoldMining lands at
#2 in coefficient of variation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
0.01 in Maximum Drawdown for each unit of Coefficient Of Variation. The spread between Coefficient Of Variation and Maximum Drawdown for GoldMining sits at
109.91 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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