Global X Coefficient Of Variation
| HPR Etf | | | CAD 10.39 -0.06 -0.57% |
Observed values used in the Coefficient Of Variation indicator for Global X Active are included in this dataset. Market data gaps can influence the computed indicator values. Diversification context is available through
Risk vs Return Analysis. Allocation context can improve visibility into portfolio balance. This includes a position in Global X Active. The allocation reflects this within the position set. 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.
Global X Active has current Coefficient Of Variation of 1091.11. 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 |
| = | 1091.11 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
Global X Active lands at
#4 in coefficient of variation against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
0.0009 in Maximum Drawdown for each unit of Coefficient Of Variation. The spread between Coefficient Of Variation and Maximum Drawdown for Global X Active sits at
1,135 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 Global X to Peers
Other Technical Indicators