NovaGold Resources Coefficient Of Variation
| NG Stock | | | CAD 10.62 -0.20 -1.85% |
Technical inputs supporting the Coefficient Of Variation indicator for NovaGold Resources are shown here. Cross-instrument Coefficient Of Variation comparisons are available via
Equity Screeners. NovaGold Resources has a market cap of 4.65 B, ROE of -1.63%. Allocation context is available in
Correlation Analysis. This captures an allocation to NovaGold Resources. It is represented within the portfolio holdings. 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.
For more information on how to buy NovaGold Stock please use our
How to Invest in NovaGold Resources overview. It covers everything you need to know about trading NovaGold Stock.
NovaGold Resources has current Coefficient Of Variation of
-2,359. 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 |
| = | -2,359 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
NovaGold Resources is rated
below average in coefficient of variation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key 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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