Standard Biotools Coefficient Of Variation
| LAB Stock | | | USD 0.99 0.01 1.35% |
Reference data associated with the Coefficient Of Variation technical indicator for Standard Biotools. Additional screening context is available through
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Standard Biotools has current Coefficient Of Variation of
-823.46. 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 |
| = | -823.46 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
Standard Biotools is rated
below average in coefficient of variation among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors .
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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