VanEck Preferred Coefficient Of Variation
| PFXF Etf | | | USD 17.73 0.12 0.68% |
The Coefficient Of Variation signal for VanEck Preferred Securities reflects patterns observed in trading data. Indicator reliability depends on the continuity of available trading data. Use
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VanEck Preferred Securities has current Coefficient Of Variation of 3549.54. 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 |
| = | 3549.54 | |
Coefficient Of Variation Peers Comparison
Coefficient Of Variation Relative To Other Indicators
VanEck Preferred Securities holds the top spot in coefficient of variation relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs at roughly
0.0009 Maximum Drawdown per unit of Coefficient Of Variation. VanEck Preferred Securities carries a
1,137 x Coefficient Of Variation-to-Maximum Drawdown ratio
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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