Manulife Multifactor Coefficient Of Variation
| MINT-B ETF | | | CAD 40.78 -0.36 -0.88% |
The Coefficient Of Variation indicator for Manulife Multifactor Developed is derived from observed market data. Broader indicator relationships are reflected within
Equity Screeners.
Correlation Analysis provides context for diversified portfolio design. Refined allocation visibility enhances overall portfolio context. Tracking Manulife Multifactor Developed in a portfolio helps measure its contribution to overall performance. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence Manulife Multifactor Developed's ETF valuation — related indicators include
signals in state.
Manulife Multifactor Developed has current Coefficient Of Variation of
-61,447. 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 |
| = | -61,447 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
Manulife Multifactor Developed is rated
below average in coefficient of variation compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs .
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 Manulife Multifactor to Peers
Other Technical Indicators